eBay’s (EBAY) Hold Rating Reiterated at Argus

Argus reiterated their hold rating on shares of eBay (NASDAQ:EBAY) in a research note released on Thursday morning, Marketbeat Ratings reports.

EBAY has been the subject of a number of other reports. TD Securities raised their price target on shares of eBay from $62.00 to $64.00 and gave the company a “hold” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of eBay from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Cantor Fitzgerald raised their price objective on shares of eBay from $69.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Citizens Jmp raised shares of eBay to a “hold” rating in a report on Thursday, July 10th. Finally, Evercore ISI raised their price objective on shares of eBay from $63.00 to $69.00 and gave the stock an “in-line” rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $78.19.

eBay Price Performance

EBAY opened at $100.70 on Thursday. The company has a fifty day simple moving average of $81.59 and a 200 day simple moving average of $72.80. The firm has a market cap of $46.02 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.43 and a beta of 1.27. eBay has a twelve month low of $54.80 and a twelve month high of $101.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $1.18 EPS. Equities research analysts expect that eBay will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.2%. eBay’s dividend payout ratio is currently 25.55%.

Insider Buying and Selling at eBay

In related news, SVP Julie A. Loeger sold 75,952 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the sale, the senior vice president directly owned 53,107 shares of the company’s stock, valued at $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 10,974 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total transaction of $831,280.50. Following the sale, the chief executive officer directly owned 306,651 shares of the company’s stock, valued at approximately $23,228,813.25. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 276,104 shares of company stock valued at $22,025,676 in the last ninety days. Company insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On eBay

Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its position in eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP grew its position in eBay by 4.6% during the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock worth $791,714,000 after purchasing an additional 510,629 shares in the last quarter. Nordea Investment Management AB grew its position in eBay by 5.6% during the 2nd quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock worth $674,061,000 after purchasing an additional 478,410 shares in the last quarter. Invesco Ltd. grew its position in eBay by 1.7% during the 2nd quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock worth $638,983,000 after purchasing an additional 140,160 shares in the last quarter. Finally, Northern Trust Corp grew its position in eBay by 4.4% during the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after purchasing an additional 300,216 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Company Profile

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.