eBay (NASDAQ:EBAY) Rating Increased to Buy at StockNews.com

eBay (NASDAQ:EBAY) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other brokerages also recently commented on EBAY. BMO Capital Markets lifted their price target on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. The Goldman Sachs Group assumed coverage on eBay in a report on Wednesday, January 10th. They issued a “sell” rating and a $38.00 price target for the company. Piper Sandler raised their price objective on eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Wells Fargo & Company upped their target price on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Finally, Mizuho lifted their price target on eBay from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.21.

eBay Trading Up 1.3 %

Shares of eBay stock opened at $52.02 on Thursday. eBay has a 1 year low of $37.17 and a 1 year high of $52.93. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.44 and a quick ratio of 2.44. The business has a 50 day moving average price of $50.11 and a 200 day moving average price of $44.54. The company has a market capitalization of $26.95 billion, a P/E ratio of 9.97, a P/E/G ratio of 2.04 and a beta of 1.33.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Tuesday, February 27th. The e-commerce company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.51 billion. eBay had a return on equity of 29.16% and a net margin of 27.36%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. Sell-side analysts anticipate that eBay will post 3.75 EPS for the current fiscal year.

eBay announced that its board has initiated a share repurchase plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity at eBay

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

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EBAY. Tempus Wealth Planning LLC lifted its stake in shares of eBay by 3.1% in the first quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after acquiring an additional 254 shares in the last quarter. GHE LLC raised its position in shares of eBay by 1.5% in the 4th quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock valued at $762,000 after purchasing an additional 260 shares in the last quarter. Savant Capital LLC boosted its stake in shares of eBay by 2.3% during the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock valued at $498,000 after buying an additional 262 shares during the last quarter. Affinity Investment Advisors LLC grew its position in shares of eBay by 3.0% during the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock worth $414,000 after buying an additional 275 shares in the last quarter. Finally, Quent Capital LLC increased its stake in shares of eBay by 10.5% in the fourth quarter. Quent Capital LLC now owns 2,971 shares of the e-commerce company’s stock worth $130,000 after buying an additional 282 shares during the last quarter. 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.