Cantor Fitzgerald Reaffirms “Neutral” Rating for eBay (NASDAQ:EBAY)

Cantor Fitzgerald reissued their neutral rating on shares of eBay (NASDAQ:EBAY) in a research report report published on Monday, Benzinga reports. The firm currently has a $62.00 target price on the e-commerce company’s stock.

Several other equities analysts have also recently weighed in on EBAY. Daiwa America upgraded shares of eBay to a hold rating in a research report on Wednesday, August 14th. Piper Sandler restated an overweight rating and set a $64.00 price target (up previously from $58.00) on shares of eBay in a report on Thursday, August 1st. Susquehanna boosted their target price on eBay from $52.00 to $60.00 and gave the stock a neutral rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on shares of eBay from $47.00 to $53.00 and gave the stock an in-line rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. started coverage on eBay in a report on Tuesday, June 25th. They set a neutral rating and a $60.00 price target for the company. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of Hold and an average target price of $57.67.

eBay Stock Up 0.3 %

Shares of EBAY stock opened at $65.38 on Monday. The business’s fifty day moving average is $59.52 and its 200-day moving average is $54.89. The stock has a market cap of $32.82 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. eBay has a 1 year low of $37.17 and a 1 year high of $66.23. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current 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 the consensus estimate of $0.88. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Equities analysts expect that eBay will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.65%. eBay’s dividend payout ratio (DPR) is 21.51%.

Insider Activity

In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’s 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 $4,494,918.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Institutional Trading of eBay

Several hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay in the second quarter valued at approximately $26,000. Tortoise Investment Management LLC grew its stake in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares in the last quarter. LRI Investments LLC acquired a new position in shares of eBay during the 1st quarter worth about $29,000. Hobbs Group Advisors LLC acquired a new position in eBay during the second quarter worth approximately $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of eBay during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.