eBay (NASDAQ:EBAY) PT Raised to $49.00

eBay (NASDAQ:EBAY) had its target price raised by Mizuho from $44.00 to $49.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the e-commerce company’s stock.

Several other brokerages also recently weighed in on EBAY. StockNews.com upgraded eBay from a hold rating to a buy rating in a report on Thursday, April 25th. UBS Group upped their target price on shares of eBay from $46.00 to $47.00 and gave the stock a neutral rating in a research note on Wednesday, February 28th. Piper Sandler lifted their price target on shares of eBay from $50.00 to $52.00 and gave the stock an overweight rating in a research note on Wednesday, February 28th. BMO Capital Markets increased their price objective on shares of eBay from $49.00 to $53.00 and gave the company a market perform rating in a research report on Wednesday, February 28th. Finally, The Goldman Sachs Group started coverage on shares of eBay in a research report on Wednesday, January 10th. They set a sell rating and a $38.00 price objective for the company. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $51.35.

eBay Stock Up 0.5 %

eBay stock opened at $49.65 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.44 and a current ratio of 1.99. The firm has a 50 day moving average price of $50.81 and a 200 day moving average price of $44.86. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $52.93. The company has a market capitalization of $25.14 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.31.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Research analysts expect that eBay will post 3.75 earnings per share for the current year.

eBay announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s payout ratio is 21.51%.

Insider Transactions at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the sale, the senior vice president now owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of eBay

Several large investors have recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in eBay in the 4th quarter valued at about $25,000. Jones Financial Companies Lllp lifted its holdings in shares of eBay by 73.5% in the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. American National Bank increased its stake in shares of eBay by 200.0% during the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in shares of eBay during the 3rd quarter worth approximately $46,000. Finally, Riverview Trust Co purchased a new stake in eBay in the 1st quarter valued at approximately $48,000. Institutional investors and hedge funds 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.