Benchmark Reaffirms Buy Rating for eBay (NASDAQ:EBAY)

Benchmark reaffirmed their buy rating on shares of eBay (NASDAQ:EBAY) in a research note published on Tuesday, Benzinga reports. The firm currently has a $65.00 price target on the e-commerce company’s stock.

Several other equities research analysts have also recently issued reports on EBAY. Evercore ISI raised their target price on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. TD Cowen lifted their price objective on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. The Goldman Sachs Group lifted their price objective on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. Finally, Jefferies Financial Group lifted their price target on shares of eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. One 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.86.

eBay Stock Up 1.0 %

Shares of eBay stock opened at $58.11 on Tuesday. The firm has a fifty day moving average of $62.99 and a two-hundred day moving average of $56.72. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $28.42 billion, a P/E ratio of 14.60, a PEG ratio of 1.95 and a beta of 1.32. eBay has a one year low of $37.17 and a one year high of $67.80.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. eBay had a net margin of 19.68% and a return on equity of 30.15%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. On average, analysts forecast that eBay will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is currently 27.14%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares in the company, valued at approximately $36,963,542.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was 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 owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,391 shares of company stock valued at $2,678,424 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Institutional Trading of eBay

Several institutional investors and hedge funds have recently bought and sold shares of EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay in the second quarter worth approximately $26,000. Tortoise Investment Management LLC lifted its position in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of eBay in the first quarter worth approximately $29,000. Hobbs Group Advisors LLC purchased a new stake in shares of eBay in the second quarter worth approximately $29,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of eBay in the first quarter worth approximately $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.