eBay Inc. (NASDAQ:EBAY) VP Brian J. Doerger sold 10,450 shares of eBay stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $36.56, for a total transaction of $382,052.00. Following the completion of the sale, the vice president now owns 24,001 shares of the company’s stock, valued at approximately $877,476.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of eBay Inc. (EBAY) traded down 0.64% during midday trading on Friday, hitting $35.94. 7,654,583 shares of the stock were exchanged. The stock has a market cap of $38.47 billion, a P/E ratio of 5.39 and a beta of 1.36. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $37.48. The firm’s 50 day moving average price is $35.44 and its 200-day moving average price is $33.84.
eBay (NASDAQ:EBAY) last released its quarterly earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. On average, equities research analysts expect that eBay Inc. will post $2.01 earnings per share for the current fiscal year.
eBay declared that its Board of Directors has initiated a share buyback plan on Thursday, July 20th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
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EBAY has been the topic of several recent analyst reports. Credit Suisse Group raised shares of eBay from a “neutral” rating to an “outperform” rating and raised their target price for the company from $34.00 to $44.00 in a report on Monday, June 5th. Robert W. Baird reaffirmed an “outperform” rating on shares of eBay in a report on Monday, July 3rd. UBS AG set a $40.00 price target on shares of eBay and gave the company a “buy” rating in a report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $34.00 price target on shares of eBay in a report on Thursday, April 13th. Finally, BidaskClub raised shares of eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.91.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Westside Investment Management Inc. increased its position in shares of eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock worth $121,000 after buying an additional 2,638 shares during the period. FNY Partners Fund LP increased its position in shares of eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock worth $127,000 after buying an additional 3,300 shares during the period. Parallel Advisors LLC increased its position in shares of eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock worth $140,000 after buying an additional 858 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock worth $149,000 after buying an additional 2,230 shares during the period. Finally, First Personal Financial Services increased its position in shares of eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock worth $164,000 after buying an additional 4,197 shares during the period. Institutional investors own 85.13% of the company’s stock.
About eBay
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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