eBay (NASDAQ:EBAY) Price Target Increased to $45.00 by Analysts at TD Cowen

eBay (NASDAQ:EBAY) had its target price upped by TD Cowen from $42.00 to $45.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a hold rating on the e-commerce company’s stock.

A number of other research analysts also recently commented on EBAY. BMO Capital Markets upped their price objective on eBay from $49.00 to $53.00 and gave the stock a market perform rating in a research note on Wednesday, February 28th. Mizuho increased their price objective on shares of eBay from $44.00 to $49.00 and gave the stock a neutral rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of eBay from $55.00 to $58.00 and gave the company a buy rating in a research report on Wednesday, April 10th. StockNews.com upgraded shares of eBay from a hold rating to a buy rating in a research report on Thursday, April 25th. Finally, Barclays lifted their price target on eBay from $61.00 to $65.00 and gave the company an overweight rating in a report on Thursday. One equities 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. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $51.35.

eBay Trading Up 0.5 %

NASDAQ EBAY opened at $49.65 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.44 and a current ratio of 1.99. eBay has a one year low of $37.17 and a one year high of $52.93. The company has a 50-day simple moving average of $50.81 and a 200-day simple moving average of $44.86. The firm has a market capitalization of $25.14 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.31.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. On average, equities analysts forecast that eBay will post 3.75 earnings per share for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.18%. eBay’s dividend payout ratio is currently 21.51%.

eBay announced that its board has authorized a stock repurchase program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the e-commerce company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at eBay

In other news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the sale, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EBAY. CVA Family Office LLC acquired a new position in eBay in the 4th quarter worth approximately $25,000. American National Bank boosted its position in shares of eBay by 200.0% in the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after buying an additional 400 shares during the period. Jones Financial Companies Lllp grew its holdings 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 in the last quarter. Riverview Trust Co acquired a new position in eBay during the first quarter valued at $48,000. Finally, First Command Advisory Services Inc. purchased a new stake in eBay in the 3rd quarter worth about $46,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Company Profile

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.