eBay (NASDAQ:EBAY) Downgraded by BidaskClub
Several other equities analysts also recently weighed in on EBAY. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research report on Thursday, March 21st. Deutsche Bank lifted their target price on Texas Instruments from $100.00 to $110.00 and gave the company a hold rating in a research report on Wednesday, April 24th. Morgan Stanley lifted their target price on Canadian Pacific Railway from C$272.00 to C$277.00 in a research report on Wednesday, April 24th. BMO Capital Markets lifted their target price on Inflarx to $64.00 and gave the company an outperform rating in a research report on Wednesday, April 24th. Finally, Canaccord Genuity set a C$16.50 target price on Detour Gold and gave the company a buy rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have issued a buy rating to the company. eBay has a consensus rating of Hold and a consensus target price of $39.98.
Shares of EBAY opened at $39.60 on Tuesday. The stock has a market cap of $34.87 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.97 and a beta of 1.35. eBay has a 12-month low of $26.01 and a 12-month high of $40.55. The firm has a 50-day moving average of $38.37. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.48 and a current ratio of 1.48.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Saturday, June 1st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, May 30th. eBay’s dividend payout ratio is currently 24.14%.
In other eBay news, VP Brian J. Doerger sold 14,237 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $38.06, for a total value of $541,860.22. Following the completion of the sale, the vice president now owns 37,340 shares in the company, valued at $1,421,160.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Devin Wenig sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $39.75, for a total value of $397,500.00. Following the completion of the sale, the chief executive officer now owns 1,039,610 shares of the company’s stock, valued at approximately $41,324,497.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,199 shares of company stock valued at $7,176,017. 6.22% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of eBay by 247.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,350 shares of the e-commerce company’s stock valued at $1,301,000 after purchasing an additional 33,025 shares during the last quarter. Korea Investment CORP grew its holdings in shares of eBay by 3.8% during the 4th quarter. Korea Investment CORP now owns 394,793 shares of the e-commerce company’s stock valued at $11,082,000 after purchasing an additional 14,400 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of eBay by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,415,911 shares of the e-commerce company’s stock valued at $95,893,000 after purchasing an additional 61,280 shares during the last quarter. Berman Capital Advisors LLC bought a new position in shares of eBay during the 4th quarter valued at $41,000. Finally, Natixis Advisors L.P. grew its holdings in shares of eBay by 17.2% during the 4th quarter. Natixis Advisors L.P. now owns 353,023 shares of the e-commerce company’s stock valued at $9,909,000 after purchasing an additional 51,797 shares during the last quarter. Institutional investors own 86.28% of the company’s stock.
eBay Company Profile
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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