eBay (NASDAQ:EBAY) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of eBay (NASDAQ:EBAY) in a research report report published on Tuesday, Marketbeat.com reports. The brokerage issued a neutral rating and a $60.00 price target on the e-commerce company’s stock.

EBAY has been the topic of several other research reports. Wells Fargo & Company raised their target price on shares of eBay from $47.00 to $57.00 and gave the company an equal weight rating in a report on Tuesday. Truist Financial raised their price objective on shares of eBay from $48.00 to $50.00 and gave the stock a hold rating in a report on Monday, May 6th. Barclays raised their price objective on shares of eBay from $61.00 to $65.00 and gave the stock an overweight rating in a report on Thursday, May 2nd. Jefferies Financial Group raised their price objective on shares of eBay from $50.00 to $55.00 and gave the stock a hold rating in a report on Thursday, May 30th. Finally, Morgan Stanley cut their price objective on shares of eBay from $62.00 to $61.00 and set an overweight rating on the stock in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, eBay has an average rating of Hold and a consensus price target of $53.71.

eBay Trading Down 0.1 %

NASDAQ EBAY opened at $53.95 on Tuesday. The firm has a 50 day simple moving average of $52.25 and a 200-day simple moving average of $48.09. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay has a one year low of $37.17 and a one year high of $55.35. The firm has a market cap of $27.08 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 2.49 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. Equities research analysts anticipate that eBay will post 3.72 EPS for the current fiscal year.

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

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.27 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a yield of 2.00%. eBay’s dividend payout ratio (DPR) is 21.51%.

Insider Activity at eBay

In related news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now directly owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of the business’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 sale, the senior vice president now owns 70,797 shares in the company, valued at $3,837,197.40. The disclosure for this sale can be found here. Insiders have sold a total of 59,558 shares of company stock worth $3,001,254 in the last three months. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On eBay

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of eBay by 39.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock worth $547,516,000 after purchasing an additional 3,534,030 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of eBay by 22.3% during 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 in the last quarter. Pacer Advisors Inc. boosted its position in shares of eBay by 34.3% during the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock worth $254,712,000 after purchasing an additional 1,491,485 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of eBay by 1.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,547,105 shares of the e-commerce company’s stock worth $244,572,000 after purchasing an additional 60,146 shares in the last quarter. 87.48% of the stock is currently 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.