Brokerages Set eBay Inc. (NASDAQ:EBAY) PT at $53.71

eBay Inc. (NASDAQ:EBAY) has been given an average rating of “Hold” by the twenty research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $53.71.

Several research analysts have commented on the stock. Benchmark restated a “buy” rating and issued a $58.00 price objective on shares of eBay in a report on Monday, June 17th. Barclays increased their price target on shares of eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Jefferies Financial Group increased their price target on shares of eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Mizuho increased their price target on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Morgan Stanley cut their price objective on shares of eBay from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd.

eBay Price Performance

Shares of eBay stock opened at $53.25 on Wednesday. eBay has a 52-week low of $37.17 and a 52-week high of $55.35. The stock has a market capitalization of $26.73 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 2.47 and a beta of 1.31. The company has a fifty day moving average of $52.50 and a 200-day moving average of $48.41. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the prior year, the business posted $0.87 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Equities research analysts expect that eBay will post 3.72 EPS for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Friday, May 31st. eBay’s payout ratio is 21.51%.

Insiders Place Their Bets

In other news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the sale, the senior vice president now owns 70,797 shares in the company, valued at $3,837,197.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,558 shares of company stock worth $3,001,254. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of eBay by 39.8% in the third quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after purchasing an additional 3,534,030 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of eBay by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after purchasing an additional 1,141,288 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of eBay by 34.3% in the fourth quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock valued at $254,712,000 after purchasing an additional 1,491,485 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in eBay by 1.1% during the third quarter. The Manufacturers Life Insurance Company now owns 5,547,105 shares of the e-commerce company’s stock worth $244,572,000 after buying an additional 60,146 shares during the period. 87.48% of the stock is 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.