StockNews.com Downgrades eBay (NASDAQ:EBAY) to Hold

eBay (NASDAQ:EBAY) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other equities research analysts have also weighed in on EBAY. Truist Financial raised their price objective on eBay from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. Barclays raised their price target on shares of eBay from $55.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Wells Fargo & Company cut their price target on shares of eBay from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. UBS Group increased their price objective on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Piper Sandler boosted their target price on shares of eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $48.84.

eBay Stock Up 1.6 %

Shares of NASDAQ EBAY traded up $0.84 on Wednesday, hitting $51.92. The company had a trading volume of 4,940,642 shares, compared to its average volume of 6,946,432. The firm has a market capitalization of $26.89 billion, a P/E ratio of 9.95, a PEG ratio of 2.10 and a beta of 1.31. The company has a quick ratio of 2.44, a current 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 $52.82. The business has a 50 day moving average of $45.72 and a two-hundred day moving average of $43.27.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.51 billion. eBay had a return on equity of 29.16% and a net margin of 27.36%. eBay’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. As a group, equities research analysts forecast that eBay will post 3.64 earnings per share for the current fiscal year.

eBay declared that its board has approved a stock repurchase program on Tuesday, February 27th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the transaction, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of eBay

Hedge funds have recently added to or reduced their stakes in the business. Wimmer Associates 1 LLC raised its position in shares of eBay by 3.0% during the 4th quarter. Wimmer Associates 1 LLC now owns 8,583 shares of the e-commerce company’s stock worth $374,000 after buying an additional 250 shares in the last quarter. Albert D Mason Inc. raised its holdings in eBay by 4.3% during the third quarter. Albert D Mason Inc. now owns 6,297 shares of the e-commerce company’s stock worth $278,000 after purchasing an additional 260 shares in the last quarter. GHE LLC lifted its position in eBay by 1.5% in the fourth quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock worth $762,000 after purchasing an additional 260 shares during the period. Savant Capital LLC lifted its position in eBay by 2.3% in the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 262 shares during the period. Finally, Raymond James Trust N.A. boosted its stake in eBay by 3.3% during the 2nd quarter. Raymond James Trust N.A. now owns 8,316 shares of the e-commerce company’s stock valued at $371,000 after purchasing an additional 268 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.