StockNews.com Upgrades eBay (NASDAQ:EBAY) to “Strong-Buy”

eBay (NASDAQ:EBAY) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

Several other research firms have also issued reports on EBAY. Mizuho lifted their price target on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. BMO Capital Markets raised their price objective on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Barclays raised their price objective on shares of eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Benchmark reaffirmed a “buy” rating and issued a $58.00 price objective on shares of eBay in a research note on Monday, June 17th. Finally, TD Cowen raised their price objective on shares of eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $53.71.

eBay Price Performance

NASDAQ EBAY opened at $53.72 on Thursday. eBay has a 12 month low of $37.17 and a 12 month high of $55.35. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market capitalization of $26.97 billion, a PE ratio of 10.70, a P/E/G ratio of 2.47 and a beta of 1.32. The company’s 50 day simple moving average is $52.47 and its 200 day simple moving average is $48.24.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. As a group, equities research analysts forecast that eBay will post 3.72 EPS for the current fiscal year.

Insider Activity

In other news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,558 shares of company stock worth $3,001,254. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares during the period. Ameriprise Financial Inc. raised its holdings in eBay by 39.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock worth $547,516,000 after acquiring an additional 3,534,030 shares during the period. Dimensional Fund Advisors LP raised its holdings in eBay by 22.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after acquiring an additional 1,141,288 shares during the period. Pacer Advisors Inc. raised its holdings in eBay by 34.3% in the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock worth $254,712,000 after acquiring an additional 1,491,485 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in eBay by 1.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,547,105 shares of the e-commerce company’s stock worth $244,572,000 after acquiring an additional 60,146 shares during the period. Institutional investors own 87.48% of the company’s stock.

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.