eBay Inc. (NASDAQ: EBAY) stock jumped 0.74% on Thursday to $43.62 against a previous-day closing price of $43.30. With 6.8 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.74 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $43.67 whereas the lowest price it dropped to was $42.93. The 52-week range on EBAY shows that it touched its highest point at $52.23 and its lowest point at $35.92 during that stretch. It currently has a 1-year price target of $49.08. With its current market cap of 23.67 billion, EBAY has annualized dividend of $1.00 while the current yield stands at 2.29%. Beta for the stock currently stands at 1.35.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EBAY was down-trending over the past week, with a drop of -1.13%, but this was up by 0.60% over a month. Three-month performance dropped to -3.22% while six-month performance fell -3.35%. The stock lost -1.27% in the past year, while it has gained 5.18% so far this year. A look at the trailing 12-month EPS for EBAY yields 1.20 with Next year EPS estimates of 4.58. For the next quarter, that number is 0.99. This implies an EPS growth rate of -700.70% for this year and 8.46% for next year. EPS is expected to grow by 7.94% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -25.90%.
Float and Shares Shorts:
At present, 537.00 million EBAY shares are outstanding with a float of 533.61 million shares on hand for trading. On Apr 27, 2023, short shares totaled 14.65 million, which was 2.74% higher than short shares on Mar 30, 2023. In addition to Mr. Jamie J. Iannone as the firm’s CEO, Pres & Director, Mr. Stephen J. Priest serves as its Sr. VP & CFO.
Through their ownership of 91.22% of EBAY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.75% of EBAY, in contrast to 38.24% held by mutual funds. Shares owned by individuals account for 11.66%. As the largest shareholder in EBAY with 11.00% of the stake, The Vanguard Group, Inc. holds 59,049,390 shares worth 59,049,390. A second-largest stockholder of EBAY, BlackRock Fund Advisors, holds 27,389,646 shares, controlling over 5.10% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in EBAY, holding 23,068,197 shares or 4.30% stake. With a 3.11% stake in EBAY, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 16,685,586 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.37% of EBAY stock, is the second-largest Mutual Fund holder. It holds 12,736,562 shares valued at 591.36 million. Vanguard Mid Cap Index Fund holds 2.34% of the stake in EBAY, owning 12,534,106 shares worth 581.96 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, EBAY reported revenue of $2.42B and operating income of $525.00M. The EBITDA in the recently reported quarter was $638.00M and diluted EPS was -$0.95.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EBAY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EBAY analysts setting a high price target of $60.00 and a low target of $34.00, the average target price over the next 12 months is $49.48. Based on these targets, EBAY could surge 37.55% to reach the target high and fall by -22.05% to reach the target low. Reaching the average price target will result in a growth of 13.43% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, EBAY has a current ratio of $1.0, which is $1.0 over the trailing 12-months, while a dividend of $0.63 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and EBAY currently yields $2.09. In the past year, EBAY’s dividend yield has been $2.09, but when looking at the stock over the past five years, its yield has been $1.32. Accordingly, EBAY has a current buyback yield of $9.56. This was $9.56 for the TTM, and it was $16.38 for the past five years.
Summary of Insider Activity:
Insiders traded EBAY stock several times over the past three months with 26 Buys and 23 Sells. In these transactions, 633,624 shares were bought while 304,596 shares were sold. The number of buy transactions has increased to 103 while that of sell transactions has risen to 89 over the past year. The total number of shares bought during that period was 893,670 while 483,911 shares were sold.