StockNews.com Upgrades eBay (NASDAQ:EBAY) to Buy

eBay (NASDAQ:EBAY) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other research analysts also recently commented on EBAY. The Goldman Sachs Group initiated coverage on shares of eBay in a report on Wednesday, January 10th. They set a “sell” rating and a $38.00 price objective for the company. Morgan Stanley upgraded eBay from an “underweight” rating to an “overweight” rating in a report on Thursday, April 18th. UBS Group upped their price objective on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Piper Sandler raised their target price on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, Truist Financial upped their price target on shares of eBay from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, eBay has an average rating of “Hold” and a consensus target price of $49.21.

eBay Stock Up 1.3 %

Shares of EBAY opened at $52.02 on Thursday. The business’s 50 day moving average is $50.11 and its 200 day moving average is $44.54. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.09. eBay has a 12-month low of $37.17 and a 12-month high of $52.93. The company has a market capitalization of $26.95 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 2.04 and a beta of 1.33.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. eBay had a net margin of 27.36% and a return on equity of 29.16%. The business had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm posted $0.87 EPS. The company’s revenue was up 3.6% on a year-over-year basis. Research analysts expect that eBay will post 3.75 earnings per share for the current fiscal year.

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

Insider Buying and Selling at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the sale, the senior vice president now directly owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of eBay

Several institutional investors and hedge funds have recently modified their holdings of the stock. Caprock Group LLC lifted its holdings in shares of eBay by 8.8% in the 3rd quarter. Caprock Group LLC now owns 8,403 shares of the e-commerce company’s stock worth $370,000 after buying an additional 678 shares during the period. Czech National Bank grew its holdings in eBay by 46.9% during the 3rd quarter. Czech National Bank now owns 93,011 shares of the e-commerce company’s stock worth $4,101,000 after acquiring an additional 29,708 shares in the last quarter. Harrington Investments INC raised its holdings in shares of eBay by 1.5% in the 3rd quarter. Harrington Investments INC now owns 36,371 shares of the e-commerce company’s stock valued at $1,604,000 after purchasing an additional 532 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of eBay by 19.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 13,919 shares of the e-commerce company’s stock valued at $614,000 after purchasing an additional 2,231 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in shares of eBay by 9.5% during the third quarter. Valeo Financial Advisors LLC now owns 6,772 shares of the e-commerce company’s stock valued at $299,000 after purchasing an additional 589 shares in the last quarter. Institutional investors 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.