eBay (EBAY) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of eBay (NASDAQ:EBAY) from a sell rating to a hold rating in a research note issued to investors on Thursday.

EBAY has been the subject of a number of other research reports. Susquehanna Bancshares boosted their target price on shares of eBay from $33.00 to $43.00 and gave the company a positive rating in a research report on Wednesday, January 30th. Wells Fargo & Co cut their price objective on shares of eBay from $36.00 to $34.00 and set an outperform rating for the company in a research report on Friday, December 21st. Aegis reaffirmed a buy rating and set a $40.00 price objective (down previously from $44.00) on shares of eBay in a research report on Wednesday, January 2nd. Citigroup reaffirmed a buy rating and set a $42.00 price objective (up previously from $41.00) on shares of eBay in a research report on Wednesday, January 30th. Finally, TheStreet raised shares of eBay from a c+ rating to a b- rating in a research report on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $39.13.

Shares of eBay stock opened at $36.65 on Thursday. The stock has a market capitalization of $33.53 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.79 and a beta of 1.36. eBay has a 52-week low of $26.01 and a 52-week high of $43.00. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.60 and a quick ratio of 1.60.

eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, January 29th. The e-commerce company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. The company had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.86 billion. eBay had a net margin of 23.54% and a return on equity of 27.40%. As a group, analysts anticipate that eBay will post 2.15 earnings per share for the current year.

The firm also recently announced a Not Available dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 1st were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, February 28th. eBay’s payout ratio is 24.14%.

In other eBay news, Director Robert Holmes Swan bought 17,787 shares of the stock in a transaction on Wednesday, January 2nd. The stock was purchased at an average price of $28.21 per share, with a total value of $501,771.27. Following the completion of the purchase, the director now owns 289,207 shares in the company, valued at $8,158,529.47. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Brian J. Doerger sold 10,185 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $34.30, for a total value of $349,345.50. Following the transaction, the vice president now directly owns 39,544 shares of the company’s stock, valued at approximately $1,356,359.20. The disclosure for this sale can be found here. 6.22% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Clean Yield Group acquired a new position in shares of eBay in the fourth quarter valued at approximately $28,000. Financial Gravity Companies Inc. acquired a new position in shares of eBay in the fourth quarter valued at approximately $42,000. Lindbrook Capital LLC acquired a new position in shares of eBay in the fourth quarter valued at approximately $35,000. Berman Capital Advisors LLC acquired a new position in shares of eBay in the fourth quarter valued at approximately $41,000. Finally, ERTS Wealth Advisors LLC acquired a new position in shares of eBay in the fourth quarter valued at approximately $65,000. 86.38% of the stock is owned by hedge funds and other institutional investors.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for eBay (NASDAQ:EBAY)

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