eBay Inc. (NASDAQ:EBAY) – Analysts at Jefferies Financial Group issued their FY2022 earnings estimates for eBay in a research note issued to investors on Monday, January 11th. Jefferies Financial Group analyst B. Thill forecasts that the e-commerce company will earn $3.35 per share for the year.
eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 28th. The e-commerce company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.13. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.48 billion. eBay had a return on equity of 82.73% and a net margin of 50.42%. During the same quarter last year, the company earned $0.67 earnings per share.
EBAY opened at $55.71 on Wednesday. The stock has a fifty day moving average of $51.33 and a 200-day moving average of $52.99. The company has a market capitalization of $38.40 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.33 and a beta of 1.26. eBay has a fifty-two week low of $26.02 and a fifty-two week high of $61.06. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.75 and a current ratio of 1.75.
A number of institutional investors have recently added to or reduced their stakes in EBAY. Gradient Investments LLC boosted its stake in shares of eBay by 70.7% in the 3rd quarter. Gradient Investments LLC now owns 512 shares of the e-commerce company’s stock valued at $27,000 after purchasing an additional 212 shares during the last quarter. Nachman Norwood & Parrott Inc acquired a new stake in eBay during the 3rd quarter worth about $27,000. Adams Wealth Management acquired a new stake in eBay during the third quarter worth approximately $27,000. Clear Harbor Asset Management LLC bought a new stake in eBay in the third quarter worth approximately $36,000. Finally, Global Retirement Partners LLC lifted its stake in eBay by 392.7% in the third quarter. Global Retirement Partners LLC now owns 739 shares of the e-commerce company’s stock valued at $39,000 after buying an additional 589 shares during the period. Hedge funds and other institutional investors own 85.31% of the company’s stock.
In other eBay news, SVP Pete Thompson sold 853 shares of the company’s stock in a transaction dated Thursday, December 17th. The stock was sold at an average price of $53.63, for a total value of $45,746.39. Following the sale, the senior vice president now owns 14,801 shares in the company, valued at approximately $793,777.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian J. Doerger sold 4,670 shares of the stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $50.78, for a total value of $237,142.60. Following the completion of the sale, the chief accounting officer now directly owns 24,192 shares of the company’s stock, valued at approximately $1,228,469.76. The disclosure for this sale can be found here. In the last three months, insiders sold 13,052 shares of company stock worth $654,339. 5.02% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 18th. Stockholders of record on Tuesday, December 1st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.15%. eBay’s dividend payout ratio (DPR) is presently 27.59%.
eBay Inc operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps; and Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others that offer online classifieds to help people find what they are looking for in their local communities.
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