In yesterday’s Wall Street session, eBay Inc. (NASDAQ:EBAY) shares traded at $43.03, down -4.65% from the previous session.
As of this writing, 33 analysts cover eBay Inc. (NASDAQ:EBAY). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $34.00, we find $49.00. Given the previous closing price of $45.13, this indicates a potential upside of 8.58 percent. EBAY stock price is now -1.76% away from the 50-day moving average and -2.06% away from the 200-day moving average. The market capitalization of the company currently stands at $23.45B.
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There are 21 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $49.48 as their price target over the next twelve months.
With the price target enhanced from $47 to $49, UBS maintained Neutral rating for eBay Inc. (NASDAQ: EBAY). On April 27, 2023, The Benchmark Company reiterated its ‘Buy’ rating on the stock by increasing its target price from $58 to quote $60, while ‘Mizuho’ rates the stock as ‘Neutral’.
In other news, Boone Cornelius, SVP, Chief People Officer sold 5,500 shares of the company’s stock on May 12. The stock was sold for $245,699 at an average price of $44.67. Upon completion of the transaction, the SVP, Chief People Officer now directly owns 44,982 shares in the company, valued at $1.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01, Director SWAN ROBERT HOLMES sold 20,000 shares of the business’s stock. A total of $1,000,000 was realized by selling the stock at an average price of $50.00. This leaves the insider owning 136,632 shares of the company worth $5.88 million. Insiders disposed of 491,853 shares of company stock worth roughly $21.16 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EBAY stock. A new stake in eBay Inc. shares was purchased by BOSTON PARTNERS during the first quarter worth $120,356,000. VINVA INVESTMENT MANAGEMENT LTD invested $10,587,000 in shares of EBAY during the first quarter. In the first quarter, EISLER CAPITAL (UK) LTD. acquired a new stake in eBay Inc. valued at approximately $7,360,000. BRIDGEWATER ASSOCIATES, LP acquired a new stake in EBAY for approximately $6,221,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in EBAY valued at around $5,171,000 in the second quarter. In total, there are 1,354 active investors with 90.00% ownership of the company’s stock.
Tuesday morning saw eBay Inc. (NASDAQ: EBAY) opened at $44.62. During the past 12 months, eBay Inc. has had a low of $35.92 and a high of $52.23. As of last week, the company has a debt-to-equity ratio of 1.43, a current ratio of 2.70, and a quick ratio of 2.70. According to the stock market information, the enterprise value for the company is $25.13B, which is based on a 35.98 price-to-earnings ratio, a 4.53 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for EBAY is $43.77 and a two-hundred day moving average price translates $43.91 for the stock.
The latest earnings results from eBay Inc. (NASDAQ: EBAY) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at $1.11, beating analysts’ expectations of $1.07 by 0.04. This compares to $0.00 EPS in the same period last year. The net profit margin was 6.50% and return on equity was 12.40% for EBAY. The company reported revenue of $2.51 billion for the quarter, compared to $2.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.09 percent. For the current quarter, analysts expect EBAY to generate $2.5B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/16/2023. Investors who held shares on 06/01/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 2.32% percent yield. There was an ex-dividend date of 05/31/2023 for this dividend. In terms of dividend payout ratio, EBAY is presently at 75.10%.
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