eBay (NASDAQ:EBAY) Given New $50.00 Price Target at Truist Financial

eBay (NASDAQ:EBAY) had its price target raised by Truist Financial from $48.00 to $50.00 in a research report report published on Monday morning, Benzinga reports. Truist Financial currently has a hold rating on the e-commerce company’s stock.

Other equities research analysts also recently issued reports about the company. Benchmark reissued a buy rating and issued a $58.00 price objective on shares of eBay in a research note on Thursday, May 2nd. StockNews.com cut shares of eBay from a buy rating to a hold rating in a report on Friday, May 3rd. Piper Sandler upped their price objective on shares of eBay from $50.00 to $52.00 and gave the company an overweight rating in a research note on Wednesday, February 28th. Robert W. Baird increased their target price on shares of eBay from $50.00 to $57.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. Finally, Morgan Stanley lowered their price target on shares of eBay from $62.00 to $61.00 and set an overweight rating on the stock in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $51.45.

eBay Stock Down 0.8 %

Shares of NASDAQ:EBAY opened at $49.69 on Monday. The firm has a 50 day simple moving average of $51.03 and a 200 day simple moving average of $44.98. eBay has a 52 week low of $37.17 and a 52 week high of $52.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market cap of $25.14 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31.

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

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio is presently 21.51%.

eBay announced that its Board of Directors has initiated a share buyback program on Tuesday, February 27th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were 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 directly owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were 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 directly owns 31,888 shares in the company, valued at $1,372,140.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Oh Huber sold 49,070 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eBay

Hedge funds have recently bought and sold shares of the company. Washington Trust Advisors Inc. acquired a new position in shares of eBay during the first quarter valued at about $30,000. CVA Family Office LLC acquired a new position in shares of eBay during the fourth quarter valued at about $25,000. American National Bank raised its position in shares of eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 400 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of eBay by 73.5% during the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 310 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in shares of eBay during the first quarter valued at about $48,000. 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.