eBay (NASDAQ:EBAY) Stock Rating Reaffirmed by Benchmark

eBay (NASDAQ:EBAY)‘s stock had its “buy” rating reiterated by investment analysts at Benchmark in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $58.00 price objective on the e-commerce company’s stock. Benchmark’s target price indicates a potential upside of 11.26% from the company’s current price.

Other research analysts have also issued reports about the stock. Susquehanna upped their target price on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Truist Financial upped their price objective on shares of eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, May 6th. UBS Group upped their price objective on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Barclays upped their price objective on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, StockNews.com raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.67.

eBay Price Performance

eBay stock opened at $52.13 on Monday. eBay has a 52 week low of $37.17 and a 52 week high of $55.15. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm’s 50-day simple moving average is $51.90 and its 200 day simple moving average is $47.47. The firm has a market capitalization of $26.17 billion, a PE ratio of 10.38, a P/E/G ratio of 2.40 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The company 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 firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. On average, equities research analysts predict that eBay will post 3.72 EPS for the current fiscal year.

eBay declared that its board has approved a stock buyback plan on Tuesday, February 27th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the sale, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Several large investors have recently added to or reduced their stakes in EBAY. Vanguard Group Inc. increased its holdings in shares of eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of eBay by 39.8% during the third quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after purchasing an additional 3,534,030 shares during the period. Invesco Ltd. increased its holdings in shares of eBay by 16.0% during the third quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock valued at $360,749,000 after purchasing an additional 1,130,089 shares during the period. Northern Trust Corp increased its holdings in shares of eBay by 3.1% during the third quarter. Northern Trust Corp now owns 6,979,291 shares of the e-commerce company’s stock valued at $307,717,000 after purchasing an additional 209,695 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after purchasing an additional 1,141,288 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

About eBay

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.