Insider Selling: eBay Inc. (NASDAQ:EBAY) SVP Sells 49,070 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now directly owns 177,391 shares in the company, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

eBay Price Performance

Shares of eBay stock opened at $50.34 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The business’s 50 day simple moving average is $51.13 and its two-hundred day simple moving average is $45.05. The stock has a market capitalization of $25.47 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. eBay Inc. has a one year low of $37.17 and a one year high of $52.93.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the previous year, the firm earned $0.87 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts forecast that eBay Inc. will post 3.75 EPS for the current year.

eBay declared that its board has initiated a stock buyback plan on Tuesday, February 27th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the e-commerce company to repurchase up to 8.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.15%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Hedge Funds Weigh In On eBay

Several hedge funds have recently made changes to their positions in EBAY. CVA Family Office LLC purchased a new position in shares of eBay during the fourth quarter valued at approximately $25,000. Washington Trust Advisors Inc. bought a new stake in shares of eBay during the first quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its position in shares of eBay by 73.5% during the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares in the last quarter. American National Bank boosted its position in shares of eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 400 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of eBay during the third quarter valued at approximately $46,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EBAY has been the topic of a number of analyst reports. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Susquehanna increased their price target on shares of eBay from $43.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Truist Financial boosted their price target on shares of eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday. Finally, Barclays increased their price objective on eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.45.

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.