eBay (NASDAQ:EBAY) Rating Reiterated by Benchmark

Benchmark reiterated their buy rating on shares of eBay (NASDAQ:EBAY) in a research report released on Thursday morning, Benzinga reports. The firm currently has a $58.00 target price on the e-commerce company’s stock.

A number of other analysts also recently issued reports on EBAY. Deutsche Bank Aktiengesellschaft raised their target price on eBay from $55.00 to $58.00 and gave the stock a buy rating in a research report on Wednesday, April 10th. Barclays lifted their target price on shares of eBay from $55.00 to $61.00 and gave the stock an overweight rating in a research note on Wednesday, February 28th. StockNews.com upgraded shares of eBay from a hold rating to a buy rating in a research note on Thursday, April 25th. BMO Capital Markets lifted their price objective on shares of eBay from $49.00 to $53.00 and gave the company a market perform rating in a research note on Wednesday, February 28th. Finally, Piper Sandler increased their target price on eBay from $50.00 to $52.00 and gave the stock an overweight rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, eBay has an average rating of Hold and an average target price of $51.35.

eBay Stock Performance

Shares of NASDAQ:EBAY traded up $0.26 during midday trading on Thursday, reaching $49.65. The company had a trading volume of 6,896,723 shares, compared to its average volume of 5,298,042. The stock has a market cap of $25.14 billion, a P/E ratio of 9.89, a P/E/G ratio of 1.96 and a beta of 1.31. The company’s 50 day moving average price is $50.70 and its 200 day moving average price is $44.77. The company has a current ratio of 1.99, a quick ratio of 2.44 and a debt-to-equity ratio of 0.98. eBay has a 52-week low of $37.17 and a 52-week high of $52.93.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that eBay will post 3.75 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is currently 21.51%.

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

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On eBay

Hedge funds have recently made changes to their positions in the business. SteelPeak Wealth LLC purchased a new position in eBay in the 4th quarter worth $1,767,000. Allspring Global Investments Holdings LLC increased its holdings in shares of eBay by 604.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after buying an additional 541,384 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in shares of eBay in the third quarter worth about $798,000. Sapient Capital LLC bought a new stake in shares of eBay in the 4th quarter valued at about $955,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in eBay by 66.8% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 244,543 shares of the e-commerce company’s stock valued at $10,591,000 after acquiring an additional 97,906 shares during the period. 87.48% of the stock is currently owned by institutional investors.

About eBay

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.