eBay Inc. (NASDAQ:EBAY) Short Interest Update

eBay Inc. (NASDAQ:EBAY) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 28,260,000 shares, a drop of 7.7% from the August 31st total of 30,630,000 shares. Currently, 5.8% of the shares of the company are short sold. Based on an average daily trading volume, of 4,740,000 shares, the short-interest ratio is currently 6.0 days.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently made changes to their positions in EBAY. Thurston Springer Miller Herd & Titak Inc. bought a new position in eBay during the second quarter worth $26,000. Tortoise Investment Management LLC raised its position in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 465 shares in the last quarter. LRI Investments LLC acquired a new position in shares of eBay in the 1st quarter valued at about $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay during the 2nd quarter valued at about $29,000. Finally, Washington Trust Advisors Inc. acquired a new stake in eBay during the first quarter worth approximately $30,000. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Up 1.1 %

Shares of NASDAQ:EBAY traded up $0.72 during midday trading on Tuesday, hitting $65.83. 5,298,686 shares of the stock were exchanged, compared to its average volume of 5,584,167. The business’s 50-day moving average price is $58.79 and its 200 day moving average price is $54.64. eBay has a 12 month low of $37.17 and a 12 month high of $66.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $33.05 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its 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. eBay had a net margin of 26.41% and a return on equity of 29.69%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. Analysts predict that eBay will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.27 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.64%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Analysts Set New Price Targets

Several research firms recently commented on EBAY. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price target on shares of eBay in a research note on Monday. Benchmark raised their target price on shares of eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a research note on Monday. Truist Financial raised their price target on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Finally, Daiwa America upgraded shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.29.

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.