Shares of eBay Inc (NASDAQ:EBAY) gapped down before the market opened on Friday following insider selling activity. The stock had previously closed at $40.17, but opened at $38.00. eBay shares last traded at $36.20, with a volume of 18,987,946 shares trading hands.
Specifically, SVP Kristin A. Yetto sold 122,454 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $34.95, for a total transaction of $4,279,767.30. Following the transaction, the senior vice president now owns 133,107 shares in the company, valued at approximately $4,652,089.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Wendy Elizabeth Jones sold 7,878 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total transaction of $281,480.94. Following the transaction, the senior vice president now owns 39,000 shares in the company, valued at approximately $1,393,470. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,183 shares of company stock worth $5,776,453. 6.22% of the stock is currently owned by company insiders.
Several research analysts have recently commented on the stock. Benchmark dropped their price target on shares of eBay from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Cowen restated a “hold” rating and set a $37.00 price target on shares of eBay in a research note on Monday, January 27th. Wedbush decreased their price objective on shares of eBay from $36.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. SunTrust Banks reaffirmed a “hold” rating and set a $38.00 price objective on shares of eBay in a report on Tuesday. Finally, Piper Sandler decreased their price objective on shares of eBay from to and set a “neutral” rating for the company in a report on Wednesday, January 29th. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the company’s stock. eBay currently has a consensus rating of “Hold” and an average target price of $40.79.
The company has a current ratio of 1.16, a quick ratio of 1.41 and a debt-to-equity ratio of 2.52. The business’s fifty day simple moving average is $35.67 and its two-hundred day simple moving average is $37.49. The stock has a market capitalization of $29.55 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.47 and a beta of 1.37.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Tuesday, January 28th. The e-commerce company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. eBay had a net margin of 16.54% and a return on equity of 50.71%. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the firm earned $0.71 EPS. The business’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts anticipate that eBay Inc will post 2.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 2nd will be issued a $0.16 dividend. The ex-dividend date is Friday, February 28th. This is an increase from eBay’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a yield of 1.77%. eBay’s dividend payout ratio is 24.14%.
eBay announced that its Board of Directors has authorized a share repurchase plan on Tuesday, January 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the e-commerce company to purchase up to 17.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC bought a new stake in eBay in the 3rd quarter valued at $26,000. Clear Harbor Asset Management LLC bought a new position in shares of eBay during the 4th quarter worth about $25,000. Great Diamond Partners LLC bought a new position in shares of eBay during the 4th quarter worth about $27,000. Equitec Specialists LLC bought a new position in shares of eBay during the 4th quarter worth about $34,000. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of eBay during the 3rd quarter worth about $39,000. 86.53% of the stock is owned by hedge funds and other institutional investors.
About eBay (NASDAQ:EBAY)
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company’s Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
