Mizuho Raises eBay (NASDAQ:EBAY) Price Target to $49.00

eBay (NASDAQ:EBAY) had its price objective lifted by Mizuho from $44.00 to $49.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a neutral rating on the e-commerce company’s stock.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their price target on eBay from $55.00 to $58.00 and gave the company a buy rating in a report on Wednesday, April 10th. StockNews.com raised shares of eBay from a hold rating to a buy rating in a research note on Thursday, April 25th. Morgan Stanley upgraded shares of eBay from an underweight rating to an overweight rating in a report on Thursday, April 18th. Piper Sandler increased their price objective on shares of eBay from $50.00 to $52.00 and gave the company an overweight rating in a research note on Wednesday, February 28th. Finally, BMO Capital Markets boosted 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $51.35.

eBay Trading Up 0.5 %

Shares of NASDAQ EBAY opened at $49.65 on Thursday. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $52.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.44 and a current ratio of 1.99. The company has a market cap of $25.14 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 1.96 and a beta of 1.31. The business’s 50 day moving average price is $50.70 and its 200-day moving average price is $44.77.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping 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 return on equity of 29.11% and a net margin of 25.97%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. On average, sell-side analysts expect that eBay will post 3.75 earnings per share for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.08 annualized dividend and a dividend yield of 2.18%. eBay’s payout ratio is currently 21.51%.

eBay announced that its Board of Directors has approved a share buyback program on Tuesday, February 27th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the e-commerce company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at eBay

In related news, SVP Edward O. Garcia sold 1,165 shares of eBay stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $43.03, for a total transaction of $50,129.95. Following the completion of the sale, the senior vice president now owns 31,888 shares of the company’s stock, valued at $1,372,140.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On eBay

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. boosted its stake in shares of eBay by 39.8% in the third quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock worth $547,516,000 after buying an additional 3,534,030 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of eBay by 2.7% during the 3rd quarter. Nordea Investment Management AB now owns 11,167,875 shares of the e-commerce company’s stock worth $495,407,000 after purchasing an additional 289,071 shares during the period. Invesco Ltd. grew its stake in shares of eBay by 16.0% during the 3rd quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock worth $360,749,000 after purchasing an additional 1,130,089 shares during the period. Northern Trust Corp raised its position in shares of eBay by 3.1% in the third quarter. Northern Trust Corp now owns 6,979,291 shares of the e-commerce company’s stock worth $307,717,000 after acquiring an additional 209,695 shares during the period. Finally, 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 purchasing an additional 1,141,288 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

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.