eBay (NASDAQ:EBAY) had its price objective boosted by Barclays from $77.00 to $82.00 in a research note published on Wednesday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the e-commerce company’s stock.
EBAY has been the topic of a number of other research reports. Mizuho upped their price target on eBay from $42.00 to $46.00 in a research report on Friday, June 5th. Robert W. Baird boosted their price objective on eBay from $59.00 to $60.00 in a research note on Tuesday, June 30th. Credit Suisse Group boosted their price objective on eBay from $53.00 to $65.00 and gave the company an outperform rating in a research note on Friday, July 24th. ValuEngine lowered eBay from a hold rating to a sell rating in a research note on Thursday, July 2nd. Finally, Benchmark boosted their price objective on eBay from $60.00 to $69.00 and gave the company a buy rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $57.71.
Shares of NASDAQ EBAY opened at $55.28 on Wednesday. eBay has a one year low of $26.02 and a one year high of $61.06. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.58 and a quick ratio of 1.34. The business’s fifty day moving average price is $53.69 and its 200-day moving average price is $41.41. The stock has a market capitalization of $38.69 billion, a PE ratio of 8.35, a P/E/G ratio of 1.47 and a beta of 1.40.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, July 28th. The e-commerce company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.18. eBay had a return on equity of 77.65% and a net margin of 46.91%. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities analysts expect that eBay will post 2.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.64 annualized dividend and a dividend yield of 1.16%. eBay’s dividend payout ratio (DPR) is presently 27.59%.
In other news, CFO Andrew John Cring sold 23,240 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $43.00, for a total transaction of $999,320.00. Following the transaction, the chief financial officer now directly owns 117,919 shares in the company, valued at approximately $5,070,517. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.02% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in EBAY. Baupost Group LLC MA increased its position in shares of eBay by 60.5% during the 1st quarter. Baupost Group LLC MA now owns 32,086,000 shares of the e-commerce company’s stock valued at $964,505,000 after purchasing an additional 12,091,030 shares during the last quarter. Norges Bank purchased a new stake in eBay during the 4th quarter valued at about $324,031,000. AKO Capital LLP purchased a new stake in eBay during the 1st quarter valued at about $169,819,000. First Trust Advisors LP boosted its holdings in eBay by 29.8% during the 2nd quarter. First Trust Advisors LP now owns 8,338,771 shares of the e-commerce company’s stock valued at $437,369,000 after acquiring an additional 1,914,125 shares during the period. Finally, Unigestion Holding SA purchased a new stake in eBay during the 1st quarter valued at about $55,484,000. Hedge funds and other institutional investors own 92.53% of the company’s stock.
eBay Company Profile
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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