Needham & Company LLC Reiterates Buy Rating for eBay (NASDAQ:EBAY)

Needham & Company LLC reaffirmed their buy rating on shares of eBay (NASDAQ:EBAY) in a report published on Wednesday morning, MarketBeat reports. Needham & Company LLC currently has a $72.00 target price on the e-commerce company’s stock.

A number of other equities analysts have also recently issued reports on EBAY. Citigroup increased their price objective on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wolfe Research started coverage on eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Truist Financial upped their target price on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group lifted their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Finally, Evercore ISI upped their price objective on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $62.14.

eBay Stock Down 0.8 %

Shares of eBay stock opened at $63.10 on Wednesday. The stock’s 50-day moving average is $62.56 and its 200 day moving average is $56.33. eBay has a one year low of $37.17 and a one year high of $67.80. The firm has a market cap of $31.68 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 2.59 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY) last posted 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. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. Equities research analysts anticipate that eBay will post 3.86 EPS for the current year.

eBay Announces Dividend

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

Insider Activity

In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,391 shares of company stock valued at $2,678,424 in the last three months. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EBAY. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of eBay in the second quarter worth $26,000. Tortoise Investment Management LLC lifted its holdings in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in eBay in the 2nd quarter worth about $29,000. Washington Trust Advisors Inc. purchased a new position in eBay during the 1st quarter valued at about $30,000. Finally, LRI Investments LLC bought a new stake in shares of eBay during the first quarter valued at about $29,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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.