Insider Selling: eBay Inc. (NASDAQ:EBAY) SVP Sells 1,394 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Pete Thompson sold 1,394 shares of the stock in a transaction on Friday, September 17th. The stock was sold at an average price of $74.89, for a total transaction of $104,396.66. The sale was disclosed in a document filed with the SEC, which is available at this link.

Pete Thompson also recently made the following trade(s):

  • On Tuesday, August 17th, Pete Thompson sold 2,098 shares of eBay stock. The stock was sold at an average price of $73.96, for a total transaction of $155,168.08.

Shares of NASDAQ EBAY traded down $0.75 during midday trading on Tuesday, reaching $72.12. 5,375,118 shares of the stock were exchanged, compared to its average volume of 7,475,231. The company has a market capitalization of $46.88 billion, a P/E ratio of 3.85, a P/E/G ratio of 2.10 and a beta of 1.10. eBay Inc. has a 52-week low of $45.36 and a 52-week high of $77.83. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $72.02 and a 200-day moving average price of $65.73.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, August 11th. The e-commerce company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.16. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.64 billion. eBay had a net margin of 115.40% and a return on equity of 38.34%. During the same period in the previous year, the firm posted $1.02 earnings per share. On average, analysts forecast that eBay Inc. will post 3.24 earnings per share for the current year.

eBay announced that its board has initiated a stock buyback program on Wednesday, August 11th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to repurchase up to 6.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, September 17th. Investors of record on Wednesday, September 1st were given a $0.18 dividend. The ex-dividend date was Tuesday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.00%. eBay’s dividend payout ratio is presently 24.57%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBAY. Sawyer & Company Inc boosted its position in shares of eBay by 515.4% in the second quarter. Sawyer & Company Inc now owns 400 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 335 shares during the last quarter. Capital Analysts LLC boosted its position in shares of eBay by 115.3% in the second quarter. Capital Analysts LLC now owns 394 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 211 shares during the last quarter. Financial Insights Inc. acquired a new stake in shares of eBay in the second quarter worth approximately $29,000. Prestige Wealth Management Group LLC boosted its position in shares of eBay by 387.9% in the first quarter. Prestige Wealth Management Group LLC now owns 522 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 415 shares during the last quarter. Finally, First PREMIER Bank acquired a new stake in shares of eBay in the second quarter worth approximately $35,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. Piper Sandler raised their target price on shares of eBay from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 27th. Barclays raised their target price on shares of eBay from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Thursday, August 12th. Cowen raised their target price on shares of eBay from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Monday, August 9th. Robert W. Baird increased their price target on shares of eBay from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 12th. Finally, Jefferies Financial Group initiated coverage on shares of eBay in a report on Thursday, September 9th. They issued a “hold” rating and a $83.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, eBay has a consensus rating of “Hold” and an average target price of $72.59.

About eBay

eBay, Inc operates as a commerce company. The company platforms include online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. The company technologies and services are designed to give buyers choice and a breadth of relevant inventory and to enable sellers worldwide to organize and offer their inventory for sale, virtually anytime and anywhere.

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Insider Buying and Selling by Quarter for eBay (NASDAQ:EBAY)

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