The Vanguard Group, Inc. has recently announced that it has increased stake in eBay Inc. (NASDAQ:EBAY) by 20.71%. After grabbing 61.44 million shares, the institutional investor is now in possession of 10.54 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 11.18% having worth around $2.45 billion. Moreover, Geode Capital Management LLC increased its share by 0.74 million to have a control over 11.48 million shares.
eBay Inc. (EBAY) concluded trading on 11/17/22 at a closing price of $45.47, with 3.62 million shares of worth about $164.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.90% during that period and on Thursday the price saw a loss of about -0.04%. Currently the company’s common shares owned by public are about 548.00M shares, out of which, 537.76M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 31 analysts are covering the EBAY stock and their offered price forecasts bring an average price target of $46.98. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $62.00 and could fall to a lowest price of $34.00. The stock’s current price level is 3.17% above of average price target set by the analysts, while a rise to estimated low would result in loss of -33.74% for the stock. However, touching the estimated high of $62.00 would mean a gain of 26.66% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 190 times over the past 12 months. They bought 930,201 shares in 101 of the transactions. In 89 selling transactions, insiders dumped 548,807 shares.
Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in eBay Inc. Vanguard Total Stock Market Index is currently holding 16.38 million shares of worth totaling $652.47 million. The company recently came selling -0.22 million shares which brought its stake up to 2.98% of the company’s outstanding shares. Vanguard Mid Cap Index Fund bought 6.24 million shares, after which its hold over company’s outstanding shares expand to 2.31%, leaving 12.67 million shares with the mutual fund that have a worth of about $504.9 million. Vanguard 500 Index Fund, after selling 12.45 million shares, have now control over 2.27% of the stake in the company. It holds -0.15 million shares of worth $495.96 million.
eBay Inc. (NASDAQ: EBAY) started trading at $44.66, below -$0.83 from concluding price of the previous day. However, the stock later moved at a day high price of 45.65, or with a loss of -0.04%. Stock saw a price change of 1.81% in past 5 days and over the past one month there was a price change of 20.26%. Year-to-date (YTD), EBAY shares are showing a performance of -31.62% which decreased to -38.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.92 but also hit the highest price of $76.41 during that period. The average intraday trading volume for eBay Inc. shares is 6.00 million. The stock is currently trading 10.58% above its 20-day simple moving average (SMA20), while that difference is up 13.39% for SMA50 and it goes to -4.21% lower than SMA200.
The Vanguard Group, Inc. acquired 61.44 million shares of eBay Inc. having value of about $2.45 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 10.54 million shares in the company valued at close to $479218287.93, or have control over 20.71% stake in the company. eBay Inc. (NASDAQ: EBAY) currently have 548.00M outstanding shares and institutions hold larger chunk of about 90.60% of that. Holding of mutual funds in the company is about 38.45% while other institutional holders and individual stake holders have control over 51.56% and 11.33% of the stake respectively.
The stock has a current market capitalization of $23.69B and its 3Y-monthly beta is at 1.28. It has posted earnings per share of -$4.84 in the same period. It has Quick Ratio of 1.30 while making debt-to-equity ratio of 1.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EBAY, volatility over the week remained 2.93% while standing at 3.76% over the month.
Analysts are in expectations that eBay Inc. (EBAY) stock would likely to be making an EPS of $0.93 in the current quarter, while forecast for next quarter EPS is $1.06 and it is $4.36 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.88 which is $0.96 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.9 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -89.00% while it is estimated to increase by 2.99% in next year. EPS is likely to grow at an annualized rate of 5.26% for next 5-years, compared to annual growth of -43.10% made by the stock over the past 5-years.
Analysts at 31 brokerage firms have issued recommendations for the eBay Inc. (EBAY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.70. Out of those 31 Wall Street analysts, 6 recommended a “Buy” rating, while 19 were in favor recommending the stock as a “Hold” and 2 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by MoffettNathanson on November 15, 2022 offering a Market perform rating for the stock and assigned a target price of $44 to it. On June 28, 2022, UBS Downgrade their recommendations, while on June 23, 2022, Morgan Stanley Resumed their ratings for the stock with a price target of $36. Stock get a Sell rating from Goldman on June 10, 2022.