eBay Inc. (NASDAQ:EBAY) CAO Rebecca Spencer Sells 2,083 Shares

eBay Inc. (NASDAQ:EBAY) CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

eBay Stock Up 1.9 %

EBAY stock opened at $53.14 on Tuesday. The stock has a market capitalization of $26.68 billion, a P/E ratio of 10.59, a PEG ratio of 2.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.99 and a current ratio of 1.99. eBay Inc. has a one year low of $37.17 and a one year high of $55.15. The company has a 50 day moving average price of $51.93 and a two-hundred day moving average price of $47.55.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.87 EPS. As a group, sell-side analysts expect that eBay Inc. will post 3.72 EPS for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.27 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.03%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

eBay declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

EBAY has been the subject of a number of recent analyst reports. Mizuho raised their price objective on shares of eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Barclays increased their target price on shares of eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Morgan Stanley dropped their target price on shares of eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Susquehanna increased their target price on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Finally, Jefferies Financial Group increased their target price on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $52.67.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently made changes to their positions in EBAY. CVA Family Office LLC acquired a new position in shares of eBay in the 4th quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of eBay during the 1st quarter valued at $29,000. Washington Trust Advisors Inc. acquired a new position in shares of eBay during the 1st quarter valued at $30,000. Jones Financial Companies Lllp lifted its holdings in shares of eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 310 shares in the last quarter. Finally, American National Bank lifted its holdings in shares of eBay by 200.0% during the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.