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eBay Inc (NASDAQ:EBAY) – Investment analysts at Wedbush upped their Q1 2020 earnings estimates for eBay in a research report issued on Wednesday, January 29th. Wedbush analyst Y. Arounian now expects that the e-commerce company will post earnings per share of $0.58 for the quarter, up from their previous forecast of $0.56. Wedbush currently has a “Neutral” rating and a $34.00 target price on the stock. Wedbush also issued estimates for eBay’s Q2 2020 earnings at $0.59 EPS, Q3 2020 earnings at $0.60 EPS, Q4 2020 earnings at $0.70 EPS, FY2020 earnings at $2.46 EPS and FY2021 earnings at $2.96 EPS.
A number of other brokerages have also recently commented on EBAY. Piper Sandler lowered their target price on eBay from to and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada increased their target price on eBay from $36.00 to $37.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Stifel Nicolaus reiterated a “hold” rating and set a $42.00 target price on shares of eBay in a report on Monday, November 25th. Deutsche Bank reiterated a “neutral” rating and set a $42.00 target price on shares of eBay in a report on Tuesday, October 22nd. Finally, Credit Suisse Group set a $48.00 target price on eBay and gave the company a “buy” rating in a report on Friday, October 11th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $40.86.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Tuesday, January 28th. The e-commerce company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.81 billion. eBay had a return on equity of 50.71% and a net margin of 16.54%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.16 per share. This is a boost from eBay’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 1.91%. eBay’s dividend payout ratio (DPR) is 24.14%.
eBay declared that its Board of Directors has authorized a stock repurchase program on Tuesday, January 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the e-commerce company to purchase up to 17.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
In other news, SVP Wendy Elizabeth Jones sold 7,878 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total transaction of $281,480.94. Following the sale, the senior vice president now owns 39,000 shares in the company, valued at $1,393,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.22% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. MUFG Americas Holdings Corp raised its position in shares of eBay by 1.7% in the 3rd quarter. MUFG Americas Holdings Corp now owns 17,483 shares of the e-commerce company’s stock worth $681,000 after buying an additional 291 shares during the period. Usca Ria LLC raised its position in shares of eBay by 3.2% in the 4th quarter. Usca Ria LLC now owns 9,740 shares of the e-commerce company’s stock worth $352,000 after buying an additional 300 shares during the period. Wetherby Asset Management Inc. raised its position in shares of eBay by 1.1% in the 3rd quarter. Wetherby Asset Management Inc. now owns 30,165 shares of the e-commerce company’s stock worth $1,176,000 after buying an additional 316 shares during the period. Dowling & Yahnke LLC raised its position in shares of eBay by 0.4% in the 4th quarter. Dowling & Yahnke LLC now owns 73,689 shares of the e-commerce company’s stock worth $2,661,000 after buying an additional 329 shares during the period. Finally, Synovus Financial Corp raised its position in shares of eBay by 2.6% in the 3rd quarter. Synovus Financial Corp now owns 12,889 shares of the e-commerce company’s stock worth $503,000 after buying an additional 332 shares during the period. Institutional investors and hedge funds own 86.66% of the company’s stock.
eBay Company Profile
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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