eBay Inc. (NASDAQ:EBAY) Receives Average Recommendation of “Hold” from Brokerages

eBay Inc. (NASDAQ:EBAY) has been given a consensus recommendation of “Hold” by the twenty-six research firms that are covering the company, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $68.74.

Several research analysts have recently weighed in on the stock. Evercore ISI reaffirmed an “in-line” rating and issued a $65.00 price target on shares of eBay in a report on Tuesday, April 6th. Barclays reduced their target price on eBay from $84.00 to $78.00 and set an “overweight” rating on the stock in a research note on Thursday, April 29th. Piper Sandler increased their target price on eBay from $71.00 to $81.00 and gave the company an “overweight” rating in a research note on Thursday, July 1st. Wolfe Research assumed coverage on shares of eBay in a research report on Wednesday, March 31st. They set an “outperform” rating and a $77.00 price target for the company. Finally, Credit Suisse Group upped their price target on shares of eBay from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Monday, April 26th.

In related news, SVP Pete Thompson sold 856 shares of the firm’s stock in a transaction that occurred on Thursday, June 17th. The shares were sold at an average price of $65.67, for a total transaction of $56,213.52. Following the completion of the sale, the senior vice president now owns 45,805 shares of the company’s stock, valued at $3,008,014.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.02% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Welch & Forbes LLC boosted its holdings in eBay by 26.5% in the second quarter. Welch & Forbes LLC now owns 5,972 shares of the e-commerce company’s stock worth $419,000 after purchasing an additional 1,250 shares during the last quarter. Integrated Investment Consultants LLC purchased a new stake in eBay in the second quarter worth approximately $300,000. TIAA FSB boosted its holdings in eBay by 1.3% in the second quarter. TIAA FSB now owns 60,698 shares of the e-commerce company’s stock worth $4,262,000 after purchasing an additional 759 shares during the last quarter. Portland Hill Asset Management Ltd boosted its holdings in eBay by 4.8% in the second quarter. Portland Hill Asset Management Ltd now owns 140,863 shares of the e-commerce company’s stock worth $9,856,000 after purchasing an additional 6,507 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH boosted its holdings in eBay by 12.1% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 15,481 shares of the e-commerce company’s stock worth $1,087,000 after purchasing an additional 1,669 shares during the last quarter. Institutional investors own 86.63% of the company’s stock.

EBAY stock traded up $1.80 during midday trading on Friday, reaching $71.66. 367,706 shares of the company’s stock traded hands, compared to its average volume of 5,638,388. The firm has a 50-day moving average price of $65.50. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.30 and a quick ratio of 1.30. eBay has a 52 week low of $45.36 and a 52 week high of $70.76. The stock has a market capitalization of $48.82 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.69 and a beta of 1.15.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 28th. The e-commerce company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. eBay had a net margin of 25.49% and a return on equity of 71.14%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 26.4% compared to the same quarter last year. On average, sell-side analysts forecast that eBay will post 3.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 18th. Shareholders of record on Tuesday, June 1st were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, May 28th. eBay’s dividend payout ratio is 24.57%.

eBay Company Profile

eBay Inc operates marketplace platforms that connect buyers and sellers worldwide. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, classifieds, directories, search engines, commerce participants, shopping channels, and networks.

Read More: How to Use the MarketBeat Retirement Calculator

Analyst Recommendations for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.