eBay (NASDAQ:EBAY) Hits New 1-Year High at $64.32

eBay Inc. (NASDAQ:EBAY) reached a new 52-week high during trading on Monday . The stock traded as high as $64.32 and last traded at $64.10, with a volume of 581765 shares. The stock had previously closed at $63.44.

Analyst Ratings Changes

Several research analysts have recently weighed in on EBAY shares. Piper Sandler reissued an “overweight” rating and set a $64.00 price target (up previously from $58.00) on shares of eBay in a research report on Thursday, August 1st. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised 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. Cantor Fitzgerald began coverage on eBay in a report on Thursday, September 5th. They issued a “neutral” rating and a $62.00 price objective on the stock. Finally, Wells Fargo & Company lowered their price objective on eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.90.

eBay Stock Performance

The stock has a market capitalization of $31.71 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a fifty day moving average of $57.03 and a 200-day moving average of $53.82.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. Equities analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio is presently 21.51%.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 25,000 shares of the 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 transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in eBay in the second quarter valued at $26,000. Tortoise Investment Management LLC boosted its position in shares of eBay by 894.2% in the 2nd 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 during the period. LRI Investments LLC purchased a new position in eBay during the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC purchased a new position in eBay during the 2nd quarter worth approximately $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in eBay during the first quarter worth approximately $30,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.