eBay Inc. (NASDAQ:EBAY) SVP Marie Oh Huber Sells 49,070 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

eBay Stock Up 1.4 %

eBay stock opened at $50.07 on Wednesday. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $52.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a 50 day moving average price of $51.03 and a 200 day moving average price of $44.98. The company has a market capitalization of $25.34 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the firm earned $0.87 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts expect that eBay Inc. will post 3.75 earnings per share for the current year.

eBay announced that its board has authorized a stock buyback plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.27 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.08 annualized dividend and a yield of 2.16%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Benchmark reiterated a “buy” rating and set a $58.00 price target on shares of eBay in a research report on Thursday, May 2nd. UBS Group increased their target price on shares of eBay from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Wells Fargo & Company raised their price target on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Piper Sandler raised their price target on shares of eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Finally, Truist Financial raised their price target on shares of eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average target price of $51.45.

Institutional Trading of eBay

Institutional investors have recently added to or reduced their stakes in the stock. CVA Family Office LLC acquired a new position in shares of eBay in the fourth quarter worth $25,000. Washington Trust Advisors Inc. acquired a new position in shares of eBay in the first quarter worth $30,000. Jones Financial Companies Lllp grew its stake in shares of eBay by 73.5% in the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 310 shares in the last quarter. American National Bank grew its stake in shares of eBay by 200.0% in the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of eBay in the third quarter worth $46,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.