eBay Inc. (NASDAQ:EBAY) Given Average Rating of “Hold” by Brokerages

Shares of eBay Inc. (NASDAQ:EBAYGet Rating) have been assigned a consensus rating of “Hold” from the twenty-seven analysts that are currently covering the firm, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $69.88.

A number of equities research analysts have weighed in on the stock. Susquehanna decreased their price target on shares of eBay from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, February 25th. Argus decreased their price target on shares of eBay from $88.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, March 22nd. Barclays decreased their price target on shares of eBay from $91.00 to $73.00 in a research note on Thursday, February 24th. Stifel Nicolaus reduced their target price on shares of eBay from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. Finally, Benchmark reduced their target price on shares of eBay from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Friday, March 11th.

In other eBay news, SVP Pete Thompson sold 2,755 shares of the business’s stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $57.58, for a total transaction of $158,632.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.21% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. JustInvest LLC increased its stake in shares of eBay by 0.4% in the 3rd quarter. JustInvest LLC now owns 36,456 shares of the e-commerce company’s stock valued at $2,540,000 after acquiring an additional 146 shares during the last quarter. Buckingham Strategic Wealth LLC grew its position in shares of eBay by 4.4% in the 3rd quarter. Buckingham Strategic Wealth LLC now owns 3,533 shares of the e-commerce company’s stock valued at $246,000 after purchasing an additional 148 shares during the period. Estate Counselors LLC grew its position in shares of eBay by 0.9% in the 3rd quarter. Estate Counselors LLC now owns 17,420 shares of the e-commerce company’s stock valued at $1,213,000 after purchasing an additional 160 shares during the period. People s United Financial Inc. grew its position in shares of eBay by 1.3% in the 3rd quarter. People s United Financial Inc. now owns 12,422 shares of the e-commerce company’s stock valued at $865,000 after purchasing an additional 161 shares during the period. Finally, Wade G W & Inc. grew its position in shares of eBay by 2.6% in the 3rd quarter. Wade G W & Inc. now owns 6,970 shares of the e-commerce company’s stock valued at $486,000 after purchasing an additional 178 shares during the period. 82.95% of the stock is owned by institutional investors.

Shares of eBay stock opened at $54.15 on Monday. The company’s fifty day simple moving average is $55.80 and its 200-day simple moving average is $64.07. The company has a market cap of $31.81 billion, a price-to-earnings ratio of 2.67, a PEG ratio of 1.40 and a beta of 1.16. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.79. eBay has a 1 year low of $49.53 and a 1 year high of $81.19.

eBay (NASDAQ:EBAYGet Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The e-commerce company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.07. eBay had a net margin of 125.94% and a return on equity of 24.01%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that eBay will post 3.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Thursday, March 10th were issued a dividend of $0.22 per share. This is a boost from eBay’s previous quarterly dividend of $0.18. This represents a $0.88 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Wednesday, March 9th. eBay’s payout ratio is currently 4.35%.

About eBay (Get Rating)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. 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, directories, search engines, commerce participants, shopping channels, and networks.

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Analyst Recommendations for eBay (NASDAQ:EBAY)

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