Mizuho Boosts eBay (NASDAQ:EBAY) Price Target to $52.00

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eBay (NASDAQ:EBAY) had its price target boosted by Mizuho from $46.00 to $52.00 in a research note issued to investors on Wednesday morning, The Fly reports. The firm currently has a neutral rating on the e-commerce company’s stock.

Several other brokerages have also commented on EBAY. Wells Fargo & Co increased their price target on shares of eBay from $50.00 to $58.00 and gave the stock an equal weight rating in a research note on Wednesday, July 22nd. Cfra lowered shares of eBay from a hold rating to a sell rating in a research note on Monday, May 11th. BMO Capital Markets lowered shares of eBay from a positive rating to a market perform rating and raised their target price for the company from $52.00 to $59.00 in a research note on Wednesday, July 22nd. BidaskClub lowered shares of eBay from a strong-buy rating to a buy rating in a research note on Wednesday, July 22nd. Finally, Benchmark raised their target price on shares of eBay from $60.00 to $69.00 and gave the company a buy rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $57.71.

EBAY stock opened at $55.28 on Wednesday. The company has a 50 day moving average of $53.69 and a two-hundred day moving average of $41.41. eBay has a 12-month low of $26.02 and a 12-month high of $61.06. The company has a market cap of $38.69 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 1.47 and a beta of 1.40. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 2.95.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, July 28th. The e-commerce company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.18. eBay had a net margin of 46.91% and a return on equity of 77.65%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the business posted $0.68 EPS. eBay’s quarterly revenue was up 18.2% on a year-over-year basis. On average, research analysts anticipate that eBay will post 2.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, August 31st. eBay’s payout ratio is 27.59%.

In related news, CFO Andrew John Cring sold 23,240 shares of eBay stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $43.00, for a total transaction of $999,320.00. Following the completion of the transaction, the chief financial officer now directly owns 117,919 shares of the company’s stock, valued at approximately $5,070,517. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.02% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Arden Trust Co bought a new position in eBay during the 1st quarter valued at about $26,000. Alpha Windward LLC bought a new position in eBay during the 2nd quarter valued at about $26,000. Rocky Mountain Advisers LLC bought a new position in eBay during the 2nd quarter valued at about $26,000. FDx Advisors Inc. lifted its holdings in eBay by 380.5% during the 1st quarter. FDx Advisors Inc. now owns 26,643 shares of the e-commerce company’s stock valued at $30,000 after purchasing an additional 21,098 shares during the last quarter. Finally, TCI Wealth Advisors Inc. lifted its holdings in eBay by 131.7% during the 1st quarter. TCI Wealth Advisors Inc. now owns 1,059 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 602 shares during the last quarter. 92.53% of the stock is owned by hedge funds and other institutional investors.

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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