eBay (NASDAQ:EBAY) Given New $66.00 Price Target at UBS Group

01 Nov 2024, 12:06 by Renee Jackson · The Cerbat Gem

eBay (NASDAQ:EBAY – Free Report) had its price target cut by UBS Group from $72.00 to $66.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the e-commerce company’s stock.

Several other research analysts also recently commented on EBAY. Deutsche Bank Aktiengesellschaft boosted their target price on eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Daiwa America raised eBay to a “hold” rating in a report on Wednesday, August 14th. Evercore ISI upped their price objective on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Thursday, August 1st. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. Finally, Wolfe Research initiated coverage on shares of eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $61.95.

Check Out Our Latest Report on eBay

eBay Price Performance

NASDAQ:EBAY traded up $0.53 during mid-day trading on Thursday, reaching $58.04. The stock had a trading volume of 1,803,800 shares, compared to its average volume of 5,430,492. eBay has a 12 month low of $37.17 and a 12 month high of $67.80. The stock has a market capitalization of $28.38 billion, a PE ratio of 14.46, a P/E/G ratio of 1.95 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a 50-day simple moving average of $63.00 and a two-hundred day simple moving average of $56.67.

eBay (NASDAQ:EBAY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. eBay had a return on equity of 30.15% and a net margin of 19.68%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. On average, equities analysts anticipate that eBay will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock valued at $2,678,424 in the last three months. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after buying an additional 4,524,934 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after buying an additional 3,880,649 shares during the last quarter. Mirova US LLC grew its position in eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after buying an additional 189,505 shares during the period. Victory Capital Management Inc. raised its position in eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of eBay by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after acquiring an additional 530,941 shares during the period. Institutional investors own 87.48% of the company’s stock.

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