eBay (NASDAQ:EBAY) had its price objective raised by Morgan Stanley from $34.50 to $36.00 in a research note published on Monday morning, BenzingaRatingsTable reports. The brokerage currently has an equal weight rating on the e-commerce company’s stock.
EBAY has been the subject of a number of other reports. Deutsche Bank increased their price objective on Texas Instruments from $100.00 to $110.00 and gave the stock a hold rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. decreased their price objective on Teck Resources from C$56.00 to C$55.00 in a report on Wednesday, April 24th. Piper Jaffray Companies lowered Kraft Heinz from a neutral rating to an underweight rating and decreased their price objective for the stock from $35.00 to $31.00 in a report on Wednesday, April 24th. ValuEngine lowered Zumiez from a hold rating to a sell rating in a report on Thursday, March 21st. Finally, Stifel Nicolaus lowered Owens Corning from a buy rating to a hold rating and set a $52.45 price objective for the company. in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $41.46.
Shares of EBAY stock opened at $39.77 on Monday. eBay has a 12-month low of $26.01 and a 12-month high of $42.00. The company has a market cap of $34.02 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.91 and a beta of 1.35. The business has a 50 day simple moving average of $38.88. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.48 and a quick ratio of 1.48.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.19. eBay had a return on equity of 33.64% and a net margin of 22.12%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that eBay will post 2.16 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.41%. eBay’s dividend payout ratio (DPR) is presently 24.14%.
In other news, CEO Devin Wenig sold 10,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $39.75, for a total transaction of $397,500.00. Following the completion of the sale, the chief executive officer now owns 1,039,610 shares in the company, valued at approximately $41,324,497.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kristin A. Yetto sold 25,156 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $37.41, for a total value of $941,085.96. Following the sale, the senior vice president now owns 74,547 shares of the company’s stock, valued at approximately $2,788,803.27. The disclosure for this sale can be found here. Insiders have sold a total of 187,199 shares of company stock valued at $7,176,017 in the last quarter. Insiders own 6.22% of the company’s stock.
Large investors have recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in shares of eBay in the first quarter valued at $25,000. Cable Hill Partners LLC lifted its holdings in shares of eBay by 64.6% in the first quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 295 shares in the last quarter. Paragon Capital Management LLC purchased a new stake in shares of eBay in the first quarter valued at $28,000. Icon Wealth Partners LLC purchased a new stake in shares of eBay in the first quarter valued at $32,000. Finally, Brand Asset Management Group Inc. lifted its holdings in shares of eBay by 69.6% in the first quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 86.32% of the company’s stock.
eBay Company Profile
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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