eBay Inc. (NASDAQ:EBAY) Short Interest Update

eBay Inc. (NASDAQ:EBAY) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 15,540,000 shares, a decrease of 6.4% from the April 15th total of 16,610,000 shares. Based on an average daily trading volume, of 6,750,000 shares, the short-interest ratio is currently 2.3 days. Approximately 3.1% of the company’s shares are short sold.

Insider Buying and Selling at eBay

In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total value of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Edward O. Garcia sold 1,165 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total transaction of $50,129.95. Following the sale, the senior vice president now owns 31,888 shares in the company, valued at approximately $1,372,140.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Institutional Trading of eBay

Institutional investors and hedge funds have recently bought and sold shares of the stock. Banco Santander S.A. increased its holdings in shares of eBay by 2.1% in the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock worth $609,000 after purchasing an additional 236 shares during the last quarter. Tempus Wealth Planning LLC raised its holdings in shares of eBay by 3.1% during the 1st quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after acquiring an additional 254 shares in the last quarter. GHE LLC raised its holdings in shares of eBay by 1.5% during the 4th quarter. GHE LLC now owns 17,480 shares of the e-commerce company’s stock worth $762,000 after acquiring an additional 260 shares in the last quarter. Savant Capital LLC boosted its position in shares of eBay by 2.3% during the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock valued at $498,000 after acquiring an additional 262 shares during the last quarter. Finally, Affinity Investment Advisors LLC grew its holdings in shares of eBay by 3.0% in the fourth quarter. Affinity Investment Advisors LLC now owns 9,494 shares of the e-commerce company’s stock valued at $414,000 after purchasing an additional 275 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Down 2.3 %

Shares of NASDAQ:EBAY opened at $51.48 on Friday. eBay has a 12-month low of $37.17 and a 12-month high of $53.03. The company has a market cap of $26.05 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 2.43 and a beta of 1.31. The stock has a 50 day moving average of $51.39 and a 200 day moving average of $45.58. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities research analysts expect that eBay will post 3.72 EPS for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, May 31st. eBay’s dividend payout ratio (DPR) is presently 21.51%.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on EBAY. TD Cowen boosted their target price on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Barclays raised their price objective on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. BMO Capital Markets upped their target price on shares of eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 28th. Piper Sandler raised their price target on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Finally, Wells Fargo & Company upped their price objective on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.