In the last trading session, 4.65 million shares of the EBay Inc. (NASDAQ:EBAY) were traded, and its beta was 1.32. Most recently the company’s share price was $52.27, and it changed around -$0.51 or -0.97% from the last close, which brings the market valuation of the company to $27.08B. EBAY currently trades at a discount to its 52-week high of $52.93, offering almost -1.26% off that amount. The share price’s 52-week low was $37.17, which indicates that the current value has risen by an impressive 28.89% since then. We note from EBay Inc.’s average daily trading volume that its 10-day average is 6.61 million shares, with the 3-month average coming to 6.91 million.
EBay Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 2.70. If we narrow it down even further, the data shows that 2 out of 38 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 20 recommended EBAY as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. EBay Inc. is expected to report earnings per share of $1.2 for the current quarter.
EBay Inc. (NASDAQ:EBAY) trade information
Instantly EBAY has showed a red trend with a performance of -0.97% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 19.83% year-to-date, but still up 1.65% over the last five days. On the other hand, EBay Inc. (NASDAQ:EBAY) is 10.55% up in the 30-day period. We can see from the shorts that 19.31 million shares have been sold at a short interest cover period of 2 day(s).
The consensus price target as assigned by Wall Street analysts is $58.12, which translates to bulls needing to increase their stock price by 10.07% from its current value. Analyst projections state that EBAY is forecast to be at a low of $36 and a high of $90.
EBay Inc. (EBAY) estimates and forecasts
EBay Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 19.75 percent over the past six months and at a 8.02% annual growth rate that is well below the industry average of 13.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 8.10% in revenue this quarter, and will report an increase of 10.70% in the next quarter. The year-over-year growth rate is expected to be 9.80%, up from the previous year.
Consensus estimates provided by 23 financial analysts predict the company will bring in an average of $2.53 billion in revenue for the current quarter. 21 analysts expect EBay Inc. to make $2.56 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $2.51 billion and $2.51 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.80%. Forecasts for the next quarter put sales growth at 2.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.28%. EBay Inc. earnings are expected to increase by 10.06% in 2024, but the outlook is positive 7.68% per year for the next five years.
EBAY Dividends
EBay Inc.’s next quarterly earnings report is expected to be released around April 24 and April 29. The annual dividend yield of the stock is 1.95 percent and its annual dividend per share was 1.02. It is important to note, however, that the 1.95% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
EBay Inc. (NASDAQ:EBAY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.28% of EBay Inc. shares, and 92.49% of them are in the hands of institutional investors. The stock currently has a share float of 92.75%. EBay Inc. stock is held by 1,340 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 11.43% of the shares, which is about 60.85 million shares worth $2.72 billion.
Blackrock Inc., with 9.34% or 49.69 million shares worth $2.22 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 29, 2023. The former held 16.63 million shares worth $743.31 million, making up 3.13% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 12.73 million shares worth around $568.99 million, which represents about 2.39% of the total shares outstanding.
