Cantor Fitzgerald Reaffirms Neutral Rating for eBay (NASDAQ:EBAY)

Cantor Fitzgerald restated their neutral rating on shares of eBay (NASDAQ:EBAY) in a research note published on Monday morning, Benzinga reports. They currently have a $62.00 price target on the e-commerce company’s stock.

Other analysts have also issued research reports about the stock. Daiwa America raised shares of eBay to a hold rating in a report on Wednesday, August 14th. Evercore ISI increased their target price on eBay from $47.00 to $53.00 and gave the stock an in-line rating in a report on Thursday, August 1st. Morgan Stanley boosted their price objective on shares of eBay from $61.00 to $64.00 and gave the stock an overweight rating in a research report on Friday, July 19th. Truist Financial increased their price target on eBay from $50.00 to $58.00 and gave the company a hold rating in a research report on Tuesday, August 6th. Finally, Robert W. Baird lifted their price objective on shares of eBay from $58.00 to $62.00 and gave the company an outperform rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $57.29.

eBay Stock Performance

eBay stock opened at $64.10 on Monday. eBay has a 12-month low of $37.17 and a 12-month high of $65.44. The stock has a 50-day simple moving average of $57.98 and a 200 day simple moving average of $54.29. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $31.34 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. On average, research analysts anticipate that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio is currently 21.51%.

Insider Activity

In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On eBay

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the last quarter. M&G Plc acquired a new stake in shares of eBay in the 1st quarter valued at $97,557,000. Swedbank AB bought a new position in shares of eBay in the 1st quarter valued at $73,777,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of eBay during the 2nd quarter worth $71,593,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.