eBay (NASDAQ:EBAY) had its price target increased by Stifel Nicolaus from $66.00 to $68.00 in a report published on Wednesday morning, BenzingaRatingsTable reports. Stifel Nicolaus currently has a buy rating on the e-commerce company’s stock.
Several other equities analysts have also recently weighed in on EBAY. BMO Capital Markets cut shares of eBay from a positive rating to a market perform rating and raised their target price for the company from $52.00 to $59.00 in a research note on Wednesday, July 22nd. Benchmark raised their target price on shares of eBay from $60.00 to $69.00 and gave the company a buy rating in a research note on Monday, July 27th. Goldman Sachs Group raised their target price on shares of eBay from $49.00 to $56.00 and gave the company a neutral rating in a research note on Monday, July 20th. They noted that the move was a valuation call. Susquehanna Bancshares raised their target price on shares of eBay from $43.00 to $44.00 and gave the company a positive rating in a research note on Thursday, April 30th. Finally, Morgan Stanley raised their target price on shares of eBay from $62.00 to $64.00 and gave the company an equal weight rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $57.71.
Shares of EBAY opened at $55.28 on Wednesday. The stock has a market capitalization of $38.69 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.49 and a beta of 1.40. eBay has a twelve month low of $26.02 and a twelve month high of $61.06. The company has a 50 day moving average of $53.69 and a 200-day moving average of $41.41. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 2.95.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, July 28th. The e-commerce company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.18. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.80 billion. eBay had a net margin of 46.91% and a return on equity of 77.65%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. On average, sell-side analysts anticipate that eBay will post 2.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Monday, August 31st. eBay’s dividend payout ratio (DPR) is presently 27.59%.
In related news, CFO Andrew John Cring sold 23,240 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was 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 of the company’s stock, valued at $5,070,517. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.02% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of EBAY. Guggenheim Capital LLC grew its position in eBay by 18.5% in the fourth quarter. Guggenheim Capital LLC now owns 378,778 shares of the e-commerce company’s stock valued at $13,678,000 after acquiring an additional 59,062 shares during the last quarter. Brinker Capital Inc. grew its position in eBay by 12.2% in the fourth quarter. Brinker Capital Inc. now owns 6,623 shares of the e-commerce company’s stock valued at $239,000 after acquiring an additional 721 shares during the last quarter. Sunbelt Securities Inc. bought a new position in eBay in the fourth quarter valued at about $14,083,000. Macquarie Group Ltd. grew its position in 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in 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 during the last quarter. 92.53% of the stock is owned by institutional investors and hedge funds.
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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