eBay’s (EBAY) “Overweight” Rating Reiterated at Piper Sandler

Piper Sandler restated their overweight rating on shares of eBay (NASDAQ:EBAY) in a report published on Thursday, Benzinga reports. The firm currently has a $64.00 price objective on the e-commerce company’s stock, up from their previous price objective of $58.00.

EBAY has been the subject of a number of other research reports. Wolfe Research assumed coverage on eBay in a research report on Tuesday, July 16th. They set a peer perform rating for the company. Wells Fargo & Company cut their price objective on eBay from $57.00 to $55.00 and set an equal weight rating for the company in a research report on Thursday. Citigroup assumed coverage on eBay in a research report on Thursday, June 6th. They set a buy rating and a $64.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on eBay in a research report on Tuesday, June 25th. They set a neutral rating and a $60.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on eBay from $55.00 to $58.00 and gave the company a buy rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, eBay presently has a consensus rating of Hold and an average target price of $56.25.

eBay Trading Down 0.1 %

Shares of EBAY stock opened at $56.20 on Thursday. eBay has a 52-week low of $37.17 and a 52-week high of $57.68. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. The firm has a market capitalization of $28.21 billion, a PE ratio of 11.20, a PEG ratio of 2.58 and a beta of 1.31. The stock has a fifty day simple moving average of $53.72 and a two-hundred day simple moving average of $50.24.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the business posted $0.87 EPS. eBay’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts predict that eBay will post 3.73 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, August 30th. eBay’s payout ratio is currently 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 completion of the sale, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Insiders sold a total of 10,488 shares of company stock valued at $565,910 over the last 90 days. Insiders own 0.38% of the company’s stock.

Institutional Trading of eBay

Several institutional investors and hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay during the second quarter valued at approximately $26,000. Tortoise Investment Management LLC increased its holdings in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the period. LRI Investments LLC purchased a new position in eBay during the first quarter valued at approximately $29,000. Hobbs Group Advisors LLC purchased a new position in eBay during the second quarter valued at approximately $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in eBay during the first quarter valued at approximately $30,000. Institutional investors own 87.48% of the company’s stock.

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.