Aegis restated their buy rating on shares of eBay (NASDAQ:EBAY) in a report released on Thursday, Briefing.com Automated Import reports. They currently have a $45.00 price target on the e-commerce company’s stock, up from their previous price target of $43.00.
Several other brokerages have also commented on EBAY. SunTrust Banks lifted their price objective on Brown & Brown to $40.00 and gave the stock a buy rating in a report on Tuesday, July 16th. Robert W. Baird cut their price objective on Waters from $211.00 to $209.00 and set a neutral rating for the company in a report on Wednesday, April 24th. JPMorgan Chase & Co. lowered their target price on Teck Resources from C$56.00 to C$55.00 in a research report on Wednesday, April 24th. BMO Capital Markets lifted their target price on Inflarx to $64.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. Finally, ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. eBay has a consensus rating of Hold and an average target price of $41.37.
Shares of EBAY opened at $40.21 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.89. eBay has a one year low of $26.01 and a one year high of $42.00. The company has a market capitalization of $33.73 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.92 and a beta of 1.35. The business has a fifty day moving average price of $38.96.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19. eBay had a return on equity of 36.67% and a net margin of 22.12%. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. eBay’s revenue was up 1.8% compared to the same quarter last year. On average, research analysts anticipate that eBay will post 2.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be given a $0.14 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.56 annualized dividend and a dividend yield of 1.39%. eBay’s payout ratio is 24.14%.
In related news, CEO Devin Wenig sold 10,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $39.75, for a total value of $397,500.00. Following the sale, the chief executive officer now directly owns 1,039,610 shares in the company, valued at $41,324,497.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott F. Schenkel sold 89,707 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $38.50, for a total value of $3,453,719.50. Following the completion of the sale, the chief financial officer now owns 273,283 shares in the company, valued at $10,521,395.50. The disclosure for this sale can be found here. Insiders sold 187,199 shares of company stock worth $7,176,017 over the last 90 days. Company insiders own 5.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in eBay by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,415,911 shares of the e-commerce company’s stock worth $95,893,000 after purchasing an additional 61,280 shares in the last quarter. Geode Capital Management LLC grew its stake in eBay by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 12,491,124 shares of the e-commerce company’s stock worth $350,041,000 after purchasing an additional 801,529 shares in the last quarter. Two Sigma Advisers LP bought a new position in eBay in the fourth quarter worth approximately $32,000,000. MML Investors Services LLC grew its stake in eBay by 16.9% in the fourth quarter. MML Investors Services LLC now owns 71,883 shares of the e-commerce company’s stock worth $2,018,000 after purchasing an additional 10,383 shares in the last quarter. Finally, Impax Asset Management Group plc bought a new position in eBay in the fourth quarter worth approximately $361,000. 86.20% of the stock is currently owned by institutional investors.
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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