Brokerages Set eBay Inc. (NASDAQ:EBAY) PT at $49.21

eBay Inc. (NASDAQ:EBAY) has received a consensus recommendation of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $49.21.

Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of eBay from $47.00 to $48.00 and gave the stock a “hold” rating in a research note on Thursday, February 29th. UBS Group raised their price objective on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Susquehanna raised their price objective on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Wells Fargo & Company raised their price objective on shares of eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Finally, Piper Sandler raised their price objective on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th.

Insider Buying and Selling at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the transaction, the senior vice president now owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.21% of the company’s stock.

Institutional Trading of eBay

A number of large investors have recently made changes to their positions in EBAY. American Century Companies Inc. boosted its stake in shares of eBay by 9.5% during the first quarter. American Century Companies Inc. now owns 41,990 shares of the e-commerce company’s stock valued at $2,404,000 after purchasing an additional 3,655 shares during the period. Raymond James Trust N.A. lifted its stake in eBay by 21.7% in the first quarter. Raymond James Trust N.A. now owns 9,176 shares of the e-commerce company’s stock worth $526,000 after acquiring an additional 1,638 shares during the period. Sei Investments Co. lifted its stake in eBay by 34.7% in the first quarter. Sei Investments Co. now owns 461,862 shares of the e-commerce company’s stock worth $26,460,000 after acquiring an additional 118,952 shares during the period. Aviva PLC lifted its stake in eBay by 6.2% in the first quarter. Aviva PLC now owns 223,976 shares of the e-commerce company’s stock worth $12,825,000 after acquiring an additional 13,127 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in eBay by 17.0% in the first quarter. Sequoia Financial Advisors LLC now owns 10,715 shares of the e-commerce company’s stock worth $614,000 after acquiring an additional 1,555 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Down 1.1 %

Shares of eBay stock opened at $51.31 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44. The company has a 50-day moving average of $48.43 and a 200 day moving average of $44.03. The firm has a market cap of $26.58 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 2.07 and a beta of 1.33. eBay has a 1 year low of $37.17 and a 1 year high of $52.93.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.04. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.51 billion. eBay had a net margin of 27.36% and a return on equity of 29.16%. eBay’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. As a group, sell-side analysts anticipate that eBay will post 3.69 earnings per share for the current fiscal year.

eBay declared that its board has authorized a share buyback plan on Tuesday, February 27th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a dividend of $0.27 per share. This is a boost from eBay’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.08 dividend on an annualized basis and a yield of 2.10%. eBay’s payout ratio is 20.69%.

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.