eBay Inc (NASDAQ:EBAY) has been assigned a consensus rating of “Hold” from the thirty research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $42.54.
Several brokerages recently weighed in on EBAY. Stifel Nicolaus reaffirmed a “hold” rating and set a $42.00 price target on shares of eBay in a report on Monday, November 25th. Bank of America decreased their price target on eBay from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, October 24th. Wells Fargo & Co reaffirmed a “hold” rating on shares of eBay in a report on Monday, December 9th. Credit Suisse Group set a $48.00 price target on eBay and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, Aegis downgraded eBay from a “buy” rating to a “hold” rating in a report on Thursday, October 24th.
In other eBay news, SVP Wendy Elizabeth Jones sold 7,878 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total value of $281,480.94. Following the completion of the sale, the senior vice president now owns 39,000 shares of the company’s stock, valued at $1,393,470. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.60% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Nuveen Asset Management LLC increased its position in shares of eBay by 1,128.3% in the second quarter. Nuveen Asset Management LLC now owns 11,368,581 shares of the e-commerce company’s stock valued at $449,059,000 after buying an additional 10,443,045 shares in the last quarter. Northern Trust Corp increased its position in shares of eBay by 0.5% in the second quarter. Northern Trust Corp now owns 11,079,108 shares of the e-commerce company’s stock valued at $437,625,000 after buying an additional 53,488 shares in the last quarter. Independent Franchise Partners LLP increased its position in shares of eBay by 1.5% in the second quarter. Independent Franchise Partners LLP now owns 10,680,122 shares of the e-commerce company’s stock valued at $421,864,000 after buying an additional 160,368 shares in the last quarter. Lindsell Train Ltd increased its position in shares of eBay by 0.4% in the third quarter. Lindsell Train Ltd now owns 10,218,600 shares of the e-commerce company’s stock valued at $398,321,000 after buying an additional 43,700 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of eBay by 2.4% in the third quarter. First Trust Advisors LP now owns 8,206,073 shares of the e-commerce company’s stock valued at $319,873,000 after buying an additional 192,360 shares in the last quarter. Institutional investors and hedge funds own 87.19% of the company’s stock.
Shares of NASDAQ EBAY traded up $0.62 during mid-day trading on Tuesday, hitting $35.35. 7,227,287 shares of the company were exchanged, compared to its average volume of 6,601,643. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 2.36. The stock has a 50 day simple moving average of $35.55 and a 200-day simple moving average of $38.00. eBay has a 1-year low of $30.06 and a 1-year high of $42.00. The firm has a market cap of $28.38 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.46 and a beta of 1.36.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. eBay had a return on equity of 41.12% and a net margin of 18.33%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the company earned $0.56 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts anticipate that eBay will post 2.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 2nd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio (DPR) is currently 31.64%.
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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