Weekly Research Analysts’ Ratings Updates for eBay (EBAY)

Posted by James Conley on Jun 27th, 2024

Several analysts have recently updated their ratings and price targets for eBay (NASDAQ: EBAY):

6/27/2024 – eBay was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
6/25/2024 – eBay is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating and a $60.00 price target on the stock.
6/25/2024 – eBay had its price target raised by analysts at Wells Fargo & Company from $47.00 to $57.00. They now have an “equal weight” rating on the stock.
6/19/2024 – eBay was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
6/17/2024 – eBay had its price target raised by analysts at Robert W. Baird from $57.00 to $58.00. They now have an “outperform” rating on the stock.
6/17/2024 – eBay had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $58.00 price target on the stock.
6/10/2024 – eBay was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
6/6/2024 – eBay is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $64.00 price target on the stock.
5/30/2024 – eBay had its price target raised by analysts at Jefferies Financial Group Inc. from $50.00 to $55.00. They now have a “hold” rating on the stock.
5/6/2024 – eBay had its price target raised by analysts at Truist Financial Co. from $48.00 to $50.00. They now have a “hold” rating on the stock.
5/3/2024 – eBay was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
5/2/2024 – eBay had its price target lowered by analysts at Morgan Stanley from $62.00 to $61.00. They now have an “overweight” rating on the stock.
5/2/2024 – eBay had its price target raised by analysts at Barclays PLC from $61.00 to $65.00. They now have an “overweight” rating on the stock.
5/2/2024 – eBay had its price target raised by analysts at Robert W. Baird from $50.00 to $57.00. They now have an “outperform” rating on the stock.
5/2/2024 – eBay had its price target raised by analysts at Mizuho from $44.00 to $49.00. They now have a “neutral” rating on the stock.
5/2/2024 – eBay had its price target raised by analysts at TD Cowen from $42.00 to $45.00. They now have a “hold” rating on the stock.
5/2/2024 – eBay had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $58.00 price target on the stock.

eBay Stock Performance

Shares of NASDAQ:EBAY traded down $0.65 during trading on Thursday, reaching $53.04. The company had a trading volume of 888,764 shares, compared to its average volume of 5,997,949. The firm has a market capitalization of $26.63 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The stock’s fifty day moving average price is $52.25 and its 200 day moving average price is $48.09. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $55.35.

eBay (NASDAQ:EBAY – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. eBay’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts predict that eBay Inc. will post 3.72 EPS for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.27 per share. The ex-dividend date was Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a yield of 2.04%. eBay’s payout ratio is 21.51%.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares in the company, valued at $1,962,109.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,558 shares of company stock worth $3,001,254. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On eBay

Large investors have recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new stake in eBay during the fourth quarter worth about $25,000. LRI Investments LLC acquired a new stake in eBay during the first quarter worth about $29,000. Washington Trust Advisors Inc. acquired a new stake in eBay during the first quarter worth about $30,000. Jones Financial Companies Lllp increased its stake in eBay by 73.5% during the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 310 shares during the last quarter. Finally, American National Bank increased its stake in eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 400 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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.