eBay Inc (NASDAQ:EBAY) Receives $41.52 Consensus Price Target from Brokerages

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eBay Inc (NASDAQ:EBAY) has earned a consensus rating of “Hold” from the thirty-two ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $41.52.

EBAY has been the subject of several recent research reports. Benchmark upped their target price on eBay from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Credit Suisse Group upped their target price on eBay from $43.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, July 18th. Aegis reaffirmed a “buy” rating and set a $45.00 target price (up from $43.00) on shares of eBay in a report on Thursday, July 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $41.00 target price on shares of eBay in a report on Monday, July 15th. Finally, Canaccord Genuity upped their target price on eBay from $38.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, July 18th.

In other eBay news, CAO Brian J. Doerger sold 19,014 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $41.38, for a total value of $786,799.32. Following the completion of the sale, the chief accounting officer now directly owns 24,844 shares in the company, valued at $1,028,044.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew J. Murphy bought 6,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $38.79 per share, with a total value of $232,740.00. The disclosure for this purchase can be found here. Insiders sold a total of 258,098 shares of company stock valued at $10,603,043 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. acquired a new stake in eBay in the second quarter worth approximately $30,000. Cable Hill Partners LLC lifted its position in eBay by 64.6% in the first quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 295 shares during the period. Paragon Capital Management LLC acquired a new stake in eBay in the first quarter worth approximately $28,000. Icon Wealth Partners LLC acquired a new stake in eBay in the first quarter worth approximately $32,000. Finally, Brand Asset Management Group Inc. lifted its position in shares of eBay by 69.6% during the 1st quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 89.00% of the company’s stock.

NASDAQ:EBAY opened at $40.78 on Friday. The company has a market capitalization of $33.81 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.92 and a beta of 1.37. The company’s 50 day moving average is $40.15. eBay has a 52 week low of $26.01 and a 52 week high of $42.00. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.31 and a quick ratio of 1.31.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 17th. The e-commerce company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.19. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. eBay had a return on equity of 36.67% and a net margin of 22.12%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. On average, sell-side analysts forecast that eBay will post 2.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, September 3rd will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio (DPR) is 24.14%.

About eBay

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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Analyst Recommendations for eBay (NASDAQ:EBAY)

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