eBay (NASDAQ:EBAY) Upgraded by Cfra Research to “Moderate Buy” Rating

Cfra Research upgraded shares of eBay (NASDAQ:EBAY) to a moderate buy rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Wells Fargo & Company boosted their target price on shares of eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Saturday, April 26th. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Thursday, May 1st. Susquehanna boosted their target price on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Finally, Piper Sandler boosted their target price on shares of eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.65.

eBay Stock Up 1.1%

Shares of NASDAQ EBAY opened at $78.61 on Thursday. The firm has a market cap of $36.24 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.22 and a beta of 1.30. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay has a 52-week low of $51.72 and a 52-week high of $79.50. The business’s 50 day moving average is $68.74 and its two-hundred day moving average is $66.74.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share. Research analysts predict that eBay will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. eBay’s dividend payout ratio (DPR) is 27.62%.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,308,946.80. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 280,650 shares of company stock worth $19,637,729. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Kestra Investment Management LLC raised its holdings in eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after purchasing an additional 7,074 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of eBay by 5,091.9% in the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after acquiring an additional 139,315 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of eBay by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after acquiring an additional 2,110 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of eBay in the 4th quarter worth approximately $8,644,000. Finally, TCW Group Inc. grew its holdings in shares of eBay by 45.8% in the 4th quarter. TCW Group Inc. now owns 53,900 shares of the e-commerce company’s stock worth $3,339,000 after acquiring an additional 16,919 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.