Insider Selling: eBay Inc. (NASDAQ:EBAY) SVP Sells 3,974 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

eBay Trading Down 0.8 %

Shares of EBAY opened at $62.72 on Friday. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $64.96. The stock has a market cap of $31.49 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. The firm’s fifty day moving average is $57.58 and its two-hundred day moving average is $54.07. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. eBay’s payout ratio is 21.51%.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its position in shares of eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after acquiring an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in eBay by 42.3% in the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock valued at $3,042,000 after purchasing an additional 17,140 shares during the last quarter. Cetera Investment Advisers boosted its holdings in eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after purchasing an additional 60,544 shares during the last quarter. PGGM Investments increased its holdings in shares of eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after buying an additional 28,604 shares during the last quarter. Finally, Freestone Capital Holdings LLC raised its position in shares of eBay by 435.2% during the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after buying an additional 29,624 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of several analyst reports. JPMorgan Chase & Co. initiated coverage on eBay in a report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective for the company. Susquehanna boosted their price target on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Daiwa America raised shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Piper Sandler reiterated an “overweight” rating and issued a $64.00 target price (up from $58.00) on shares of eBay in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price target on shares of eBay from $38.00 to $46.00 and gave the stock a “sell” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $56.90.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.