In the latest trading session, 0.94 million EBay Inc. (NASDAQ:EBAY) shares changed hands as the company’s beta touched 1.30. With the company’s most recent per share price at $60.26 changing hands around $0.0 or 0.01% at last look, the market valuation stands at $29.47B. EBAY’s current price is a discount, trading about -0.3% off its 52-week high of $60.44. The share price had its 52-week low at $37.17, which suggests the last value was 38.32% up since then. When we look at EBay Inc.’s average trading volume, we note the 10-day average is 4.24 million shares, with the 3-month average coming to 4.45 million.
Analysts gave the EBay Inc. (EBAY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.59. If we narrow down to specifics, the data shows that 1 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended EBAY as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. EBay Inc.’s EPS for the current quarter is expected to be 1.18.
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EBay Inc. (NASDAQ:EBAY) trade information
Instantly EBAY is in green as seen in intraday trades today. With action 2.23%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 38.16%, with the 5-day performance at 2.23% in the green. However, in the 30-day time frame, EBay Inc. (NASDAQ:EBAY) is 7.98% up. Looking at the short shares, we see there were 25.45 million shares sold at short interest cover period of 5.53 days.
The consensus price target for the stock as assigned by Wall Street analysts is 58, meaning bulls need a downside of -3.9% from its recent market value. According to analyst projections, EBAY’s forecast low is 44 with 90 as the target high. To hit the forecast high, the stock’s price needs a -49.35% plunge from its current level, while the stock would need to tank 26.98% for it to hit the projected low.
EBay Inc. (EBAY) estimates and forecasts
Data shows that the EBay Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 18.37% over the past 6 months, a 13.92% in annual growth rate that is considerably higher than the industry average of 12.50%. Year-over-year growth is forecast to reach 2.00% up from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of 2.54B. 22 analysts are of the opinion that EBay Inc.’s revenue for the current quarter will be 2.64B. The company’s revenue for the corresponding quarters a year ago was 2.5B and 2.56B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.70%. The estimates for the next quarter sales put growth at 3.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 15.28%. The 2024 estimates are for EBay Inc. earnings to increase by 13.72%, but the outlook for the next 5-year period is at 8.39% per year.
EBAY Dividends
EBay Inc. is expected to release its next quarterly earnings report on 2024-Nov-05. The 2.21% annual yield figure for the share gives it an annual dividend of 1.33. It is important to note, however, that the 2.21% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.62 per year.
EBay Inc. (NASDAQ:EBAY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.27% of EBay Inc. shares while 97.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.27%. There are 97.01% institutions holding the EBay Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.0319% of the shares, roughly 62.08 million EBAY shares worth $3.34 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.464% or 38.51 million shares worth $2.07 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 16.03 shares estimated at $962.58 million under it, the former controlled 3.28% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.66% of the shares, roughly 12.99 shares worth around $779.98 million.
