eBay Inc. (NASDAQ:EBAY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of eBay Inc. (NASDAQ:EBAY – Get Rating) have received an average recommendation of “Hold” from the twenty-seven analysts that are covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $66.96.

A number of analysts have recently commented on the stock. Benchmark reduced their price target on shares of eBay from $71.00 to $67.00 in a research note on Thursday, May 5th. Bank of America dropped their price target on eBay from $75.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, February 24th. Argus dropped their price target on eBay from $88.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, March 22nd. Cowen dropped their price target on eBay from $68.00 to $64.00 in a research note on Friday, February 18th. Finally, Wells Fargo & Company lowered their price objective on shares of eBay from $65.00 to $58.00 in a research note on Friday, May 6th.

NASDAQ:EBAY traded down $0.31 during mid-day trading on Friday, hitting $44.31. 7,444,103 shares of the company’s stock were exchanged, compared to its average volume of 7,172,460. eBay has a one year low of $43.28 and a one year high of $81.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.48 and a quick ratio of 1.48. The business has a fifty day moving average price of $53.17 and a 200 day moving average price of $59.96. The company has a market cap of $24.81 billion, a PE ratio of 2.60, a P/E/G ratio of 1.47 and a beta of 1.15.

eBay (NASDAQ:EBAY – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The e-commerce company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.14). The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.46 billion. eBay had a net margin of 113.26% and a return on equity of 20.91%. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 EPS. On average, equities analysts forecast that eBay will post 3.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.99%. The ex-dividend date is Tuesday, May 31st. eBay’s payout ratio is 5.16%.

In other news, SVP Pete Thompson sold 49,523 shares of the firm’s stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $54.45, for a total transaction of $2,696,527.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Buckingham Strategic Wealth LLC lifted its stake in shares of eBay by 4.4% during the 3rd quarter. Buckingham Strategic Wealth LLC now owns 3,533 shares of the e-commerce company’s stock worth $246,000 after purchasing an additional 148 shares during the last quarter. People s United Financial Inc. grew its stake in eBay by 1.3% during the 3rd quarter. People s United Financial Inc. now owns 12,422 shares of the e-commerce company’s stock worth $865,000 after buying an additional 161 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in eBay by 3.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,396 shares of the e-commerce company’s stock worth $425,000 after buying an additional 184 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in eBay by 2.5% during the 1st quarter. Flagship Harbor Advisors LLC now owns 7,944 shares of the e-commerce company’s stock worth $455,000 after buying an additional 193 shares during the last quarter. Finally, Buttonwood Financial Advisors Inc. grew its stake in eBay by 1.0% during the 1st quarter. Buttonwood Financial Advisors Inc. now owns 20,704 shares of the e-commerce company’s stock worth $1,186,000 after buying an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 88.99% of the company’s stock.

About eBay (Get Rating)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

Featured Stories