eBay’s (EBAY) Neutral Rating Reiterated at Cantor Fitzgerald

10 Oct 2024, 08:05 by Kim Johansen · The Markets Daily

Cantor Fitzgerald restated their neutral rating on shares of eBay (NASDAQ:EBAY – Free Report) in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has a $62.00 target price on the e-commerce company’s stock.

Several other equities analysts also recently commented on EBAY. The Goldman Sachs Group increased their target price on eBay from $38.00 to $46.00 and gave the company a sell rating in a research report on Friday, August 2nd. Robert W. Baird lifted their target price on shares of eBay from $58.00 to $62.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. Wolfe Research assumed coverage on shares of eBay in a research report on Tuesday, July 16th. They issued a peer perform rating for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of eBay from $60.00 to $64.00 and gave the stock a buy rating in a report on Thursday, August 1st. Finally, Susquehanna increased their price objective on eBay from $52.00 to $60.00 and gave the company a neutral rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $57.67.

Get Our Latest Stock Report on EBAY

eBay Trading Down 0.3 %

Shares of eBay stock opened at $66.95 on Monday. The firm’s 50 day moving average is $60.24 and its 200 day moving average is $55.25. The firm has a market capitalization of $33.61 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. eBay has a 1 year low of $37.17 and a 1 year high of $67.65. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY – Get Free Report) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Equities research analysts forecast that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s payout ratio is 21.51%.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,224 shares of company stock valued at $2,600,666. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EBAY. Thurston Springer Miller Herd & Titak Inc. bought a new position in eBay in the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC lifted its holdings in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in eBay in the 2nd quarter valued at $29,000. Washington Trust Advisors Inc. purchased a new stake in shares of eBay in the first quarter valued at about $30,000. Finally, LRI Investments LLC purchased a new position in eBay during the first quarter worth about $29,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

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