eBay Inc. (NASDAQ:EBAY) has a beta value of 1.14 and has seen 12,472,619 shares traded in the last trading session. The company, currently valued at $39.62 Billion, closed the last trade at $58.15 per share which meant it gained $2.36 on the day or 4.23% during that session. The EBAY stock price is -11.52% off its 52-week high price of $64.85 and 45.73% above the 52-week low of $31.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.55 Million shares traded. The 3-month trading volume is 7.78 Million shares.
The consensus among analysts is that eBay Inc. (EBAY) is an Overweight stock at the moment, with a recommendation rating of 2.5. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 21 out of 31 have rated it as a Hold, with 9 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.95.
eBay Inc. (NASDAQ:EBAY) trade information
Sporting 4.23% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the EBAY stock price touched $62.87- or saw a rise of 7.51%. Year-to-date, eBay Inc. shares have moved 15.72%, while the 5-day performance has seen it change -5.57%. Over the past 30 days, the shares of eBay Inc. (NASDAQ:EBAY) have changed -7.86%. Short interest in the company has seen 17.87 Million shares shorted with days to cover at 2.3.
Wall Street analysts have a consensus price target for the stock at $69.7, which means that the shares’ value could jump 19.86% from current levels. The projected low price target is $63 while the price target rests at a high of $100. In that case, then, we find that the current price level is +71.97% off the targeted high while a plunge would see the stock lose 8.34% from current levels.
eBay Inc. (EBAY) estimates and forecasts
Figures show that eBay Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +18% over the past 6 months, with this year growth rate of 17.6%, compared to 14.6% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -6.9% and 5.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be +17.3%.
24 analysts offering their estimates for the company have set an average revenue estimate of $3Billion for the current quarter. 24 have an estimated revenue figure of $2.89 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $2.87 Billion and $2.61 Billion respectively for this quarter and the next, and analysts expect sales will grow by 4.8% for the current quarter and 10.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +17.3% over the past 5 years. Earnings growth for 2021 is a modest +99.9% while over the next 5 years, the company’s earnings are expected to increase by 14.14%.
eBay Inc. is expected to release its next earnings report between July 26 and July 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.72 at a share yield of 1.29%.
eBay Inc. (NASDAQ:EBAY)’s Major holders
Insiders own 3.64% of the company shares, while shares held by institutions stand at 93.43% with a share float percentage of 96.96%. Investors are also buoyed by the number of investors in a company, with eBay Inc. having a total of 1513 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 50.38 Million shares worth more than $2.53 Billion. As of December 30, 2020, Vanguard Group Inc. (The) held 7.4% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 44.39 Million shares as of December 30, 2020. The firm’s total holdings are worth over $2.23 Billion and represent 6.52% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of December 30, 2020, the former fund manager holds about 2.71% shares in the company for having 18495236 shares of worth $929.39 Million while later fund manager owns 13.12 Million shares of worth $659.41 Million as of December 30, 2020, which makes it owner of about 1.93% of company’s outstanding stock.