eBay (NASDAQ:EBAY) Reaches New 12-Month High – What’s Next?

eBay Inc. (NASDAQ:EBAY)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $79.54 and last traded at $79.41, with a volume of 2287804 shares. The stock had previously closed at $78.61.

Analysts Set New Price Targets

EBAY has been the topic of several analyst reports. Needham & Company LLC lifted their target price on eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. TD Securities lifted their price objective on shares of eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Sanford C. Bernstein lowered shares of eBay from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Daiwa America upgraded shares of eBay from a “hold” rating to a “strong-buy” rating in a report on Monday, May 12th. Finally, Susquehanna boosted their price target on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $67.65.

eBay Stock Performance

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $36.61 billion, a PE ratio of 19.96, a P/E/G ratio of 2.22 and a beta of 1.27. The company’s fifty day simple moving average is $68.74 and its 200 day simple moving average is $66.82.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm earned $1.25 EPS. eBay’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.46%. eBay’s payout ratio is 27.62%.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction of $77,267.07. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Julie A. Loeger sold 92,895 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the transaction, the senior vice president now owns 123,282 shares of the company’s stock, valued at $8,883,700.92. This trade represents a 42.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 280,650 shares of company stock valued at $19,637,729. Corporate insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Wealth Preservation Advisors LLC bought a new stake in eBay during the first quarter valued at $26,000. Golden State Wealth Management LLC bought a new stake in shares of eBay during the 4th quarter valued at about $27,000. Orion Capital Management LLC purchased a new position in shares of eBay during the fourth quarter worth about $27,000. Abound Financial LLC bought a new position in shares of eBay in the first quarter worth approximately $29,000. Finally, Pinney & Scofield Inc. purchased a new stake in eBay in the fourth quarter valued at approximately $31,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Company Profile

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.