eBay (NASDAQ:EBAY) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of eBay (NASDAQ:EBAYFree Report) from a buy rating to a strong-buy rating in a research report released on Monday.

A number of other analysts have also recently weighed in on the company. Morgan Stanley dropped their price target on eBay from $62.00 to $61.00 and set an overweight rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company increased their price objective on eBay from $45.00 to $47.00 and gave the stock an equal weight rating in a research note on Thursday, April 4th. Robert W. Baird boosted their target price on eBay from $50.00 to $57.00 and gave the company an outperform rating in a research note on Thursday, May 2nd. Barclays boosted their price target on eBay from $61.00 to $65.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. Finally, Susquehanna lifted their price target on eBay from $43.00 to $52.00 and gave the stock a neutral rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, eBay has an average rating of Hold and a consensus price target of $52.62.

View Our Latest Research Report on eBay

eBay Stock Performance

Shares of eBay stock opened at $53.15 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay has a 1 year low of $37.17 and a 1 year high of $55.15. The firm’s 50-day simple moving average is $51.80 and its 200-day simple moving average is $47.13. The firm has a market cap of $26.68 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.32.

eBay (NASDAQ:EBAYGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. During the same period in the previous year, the company earned $0.87 earnings per share. eBay’s quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that eBay will post 3.72 earnings per share for the current fiscal year.

eBay declared that its board has authorized a stock repurchase program on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.03%. eBay’s payout ratio is 21.51%.

Insiders Place Their Bets

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction 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 approximately $3,837,197.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction 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 transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the sale, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Several institutional investors have recently modified their holdings of EBAY. Cetera Advisors LLC increased its position in shares of eBay by 106.7% during the first quarter. Cetera Advisors LLC now owns 13,777 shares of the e-commerce company’s stock worth $727,000 after acquiring an additional 7,112 shares in the last quarter. Cetera Investment Advisers lifted its position in eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after acquiring an additional 60,544 shares in the last quarter. PGGM Investments acquired a new position in eBay in the 1st quarter worth $1,716,000. Swedbank AB bought a new position in eBay during the 1st quarter worth about $73,777,000. Finally, LRI Investments LLC bought a new position in eBay during the 1st quarter worth about $29,000. Institutional investors own 87.48% of the company’s stock.

eBay Company Profile

(Get Free Report)

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.

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