In yesterday’s Wall Street session, eBay Inc. (NASDAQ:EBAY) shares traded at $43.71, up 0.46% from the previous session.
31 analysts cover eBay Inc. (NASDAQ:EBAY), according to research data. 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 $48.00. Given the previous closing price of $43.51, this indicates a potential upside of 10.32 percent. EBAY stock price is now -2.51% away from the 50-day moving average and -2.31% away from the 200-day moving average. The market capitalization of the company currently stands at $23.09B.
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The stock has received a hold rating from 20 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $49.10 as their price target over the next twelve months.
With the price target enhanced from $56 to $57, Credit Suisse maintained Outperform rating for eBay Inc. (NASDAQ: EBAY).
In other news, Garcia Edward O, SVP, Chief Product Officer sold 1,181 shares of the company’s stock on Aug 17. The stock was sold for $51,149 at an average price of $43.31. Upon completion of the transaction, the SVP, Chief Product Officer now directly owns 21,728 shares in the company, valued at $0.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 11, SVP, Chief Product Officer Garcia Edward O sold 5,679 shares of the business’s stock. A total of $246,241 was realized by selling the stock at an average price of $43.36. This leaves the insider owning 17,988 shares of the company worth $0.79 million. Insiders disposed of 523,757 shares of company stock worth roughly $22.89 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 AUSTRALIANSUPER PTY LTD during the first quarter worth $38,698,000. JACOBS LEVY EQUITY MANAGEMENT, INC invested $24,723,000 in shares of EBAY during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in eBay Inc. valued at approximately $11,517,000. IVY LANE CAPITAL MANAGEMENT, LLC acquired a new stake in EBAY for approximately $3,715,000. VARMA MUTUAL PENSION INSURANCE CO purchased a new stake in EBAY valued at around $3,497,000 in the second quarter. In total, there are 1,352 active investors with 90.00% ownership of the company’s stock.
On Wednesday morning eBay Inc. (NASDAQ: EBAY) stock kicked off with the opening price of $43.69. 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 1.47, a current ratio of 2.50, and a quick ratio of 2.50. According to the stock market information, the enterprise value for the company is $24.37B, which is based on a 17.62 price-to-earnings ratio, a 2.13 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for EBAY is $44.80 and a two-hundred day moving average price translates $44.74 for the stock.
The latest earnings results from eBay Inc. (NASDAQ: EBAY) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at $1.03, beating analysts’ expectations of $0.99 by 0.04. This compares to $0.01 EPS in the same period last year. The net profit margin was 13.50% and return on equity was 26.00% for EBAY. The company reported revenue of $2.54 billion for the quarter, compared to $2.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.87 percent. For the current quarter, analysts expect EBAY to generate $2.5B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 09/01/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 2.29% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, EBAY is presently at 37.80%.
eBay Inc.(EBAY) Company Profile
eBay Inc. operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company’s marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.
