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 value of $382,052.00. Following the completion of the transaction, the vice president now owns 24,001 shares of the company’s stock, valued at $877,476.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
eBay Inc. (NASDAQ:EBAY) opened at 35.36 on Thursday. The stock’s 50 day moving average is $35.77 and its 200 day moving average is $34.31. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $37.48. The stock has a market capitalization of $37.85 billion, a PE ratio of 5.30 and a beta of 1.36. eBay also was the target of some unusual options trading activity on Wednesday. Stock traders acquired 2,194 put options on the company. This is an increase of approximately 231% compared to the average daily volume of 663 put options.
eBay (NASDAQ:EBAY) last released its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates 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 net margin of 80.93% and a return on equity of 17.50%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. Analysts forecast that eBay Inc. will post $2.00 EPS for the current year.
eBay declared that its board has authorized a share repurchase plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the e-commerce company to reacquire up to 7.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
A number of equities analysts recently commented on the company. SunTrust Banks, Inc. assumed coverage on eBay in a research note on Tuesday. They issued a “hold” rating and a $38.00 price target for the company. Mizuho reiterated an “underperform” rating and issued a $34.00 price target on shares of eBay in a research note on Monday, August 7th. BidaskClub cut shares of eBay from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Canaccord Genuity raised their target price on shares of eBay from $32.00 to $34.00 and gave the stock a “hold” rating in a report on Monday, July 24th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and issued a $41.00 target price (up previously from $40.00) on shares of eBay in a report on Sunday, July 23rd. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company’s stock. eBay currently has an average rating of “Hold” and an average target price of $37.05.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in eBay by 1.7% in the second quarter. Vanguard Group Inc. now owns 68,101,836 shares of the e-commerce company’s stock worth $2,378,116,000 after buying an additional 1,121,890 shares during the period. BlackRock Inc. increased its position in eBay by 2,424.9% in the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock worth $2,095,089,000 after buying an additional 59,937,723 shares during the period. Wellington Management Group LLP increased its position in eBay by 169.5% in the first quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock worth $1,249,180,000 after buying an additional 23,404,909 shares during the period. Boston Partners increased its position in eBay by 1.9% in the first quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company’s stock worth $992,828,000 after buying an additional 544,112 shares during the period. Finally, Independent Franchise Partners LLP increased its position in eBay by 17.6% in the second quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock worth $674,744,000 after buying an additional 2,898,085 shares during the period. 85.71% of the stock is owned by institutional investors and hedge funds.
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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