eBay (NASDAQ:EBAY) had its target price lifted by Mizuho from $46.00 to $52.00 in a research note released on Wednesday, The Fly reports. The brokerage currently has a neutral rating on the e-commerce company’s stock.
A number of other equities analysts have also commented on the stock. Susquehanna Bancshares boosted their price objective on shares of eBay from $43.00 to $44.00 and gave the stock a positive rating in a report on Thursday, April 30th. Wells Fargo & Co boosted their price objective on shares of eBay from $50.00 to $58.00 and gave the stock an equal weight rating in a report on Wednesday, July 22nd. Barclays boosted their price objective on shares of eBay from $77.00 to $82.00 and gave the stock an overweight rating in a report on Wednesday. Stifel Nicolaus reiterated a buy rating and issued a $66.00 price objective (up previously from $52.00) on shares of eBay in a report on Monday, July 13th. Finally, Goldman Sachs Group boosted their price objective on shares of eBay from $49.00 to $56.00 and gave the stock a neutral rating in a report on Monday, July 20th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. eBay has a consensus rating of Hold and a consensus price target of $57.71.
Shares of eBay stock opened at $55.28 on Wednesday. The company has a fifty day moving average price of $53.69 and a 200 day moving average price of $41.41. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 2.95. eBay has a twelve month low of $26.02 and a twelve month high of $61.06. The stock has a market cap of $38.69 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.47 and a beta of 1.40.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, July 28th. The e-commerce company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.18. eBay had a net margin of 46.91% and a return on equity of 77.65%. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the company earned $0.68 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. Analysts forecast that eBay will post 2.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, August 31st. eBay’s dividend payout ratio is presently 27.59%.
In other eBay news, CFO Andrew John Cring sold 23,240 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $43.00, for a total value of $999,320.00. Following the completion of the transaction, the chief financial officer now owns 117,919 shares in the company, valued at approximately $5,070,517. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.02% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EBAY. Guggenheim Capital LLC grew its position in eBay by 18.5% in the 4th quarter. Guggenheim Capital LLC now owns 378,778 shares of the e-commerce company’s stock worth $13,678,000 after purchasing an additional 59,062 shares during the last quarter. Brinker Capital Inc. grew its position in eBay by 12.2% in the 4th quarter. Brinker Capital Inc. now owns 6,623 shares of the e-commerce company’s stock worth $239,000 after purchasing an additional 721 shares during the last quarter. Sunbelt Securities Inc. bought a new position in eBay in the 4th quarter worth about $14,083,000. Macquarie Group Ltd. boosted its holdings in shares of eBay by 22.6% in the fourth quarter. Macquarie Group Ltd. now owns 28,081 shares of the e-commerce company’s stock valued at $1,014,000 after acquiring an additional 5,181 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of eBay by 249.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,325 shares of the e-commerce company’s stock valued at $1,637,000 after acquiring an additional 32,350 shares in the last quarter. 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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