eBay Inc. (NASDAQ:EBAY) SVP Sells $52,110.10 in Stock

eBay Inc. (NASDAQ:EBAY) SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

eBay Stock Performance

Shares of EBAY stock opened at $54.15 on Monday. The stock has a market capitalization of $27.18 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $55.15. The stock’s 50-day moving average price is $52.12 and its 200 day moving average price is $47.91. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98.

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

eBay declared that its board has initiated a stock buyback program 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 reacquire up to 8.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.99%. The ex-dividend date was Friday, May 31st. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Hedge Funds Weigh In On eBay

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBAY. Vanguard Group Inc. increased its position in eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Ameriprise Financial Inc. increased its position in eBay by 39.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock worth $547,516,000 after purchasing an additional 3,534,030 shares during the period. M&G Plc acquired a new position in eBay during the 1st quarter worth approximately $97,557,000. Pacer Advisors Inc. increased its position in eBay by 34.3% during the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock worth $254,712,000 after purchasing an additional 1,491,485 shares during the period. Finally, Swedbank AB acquired a new position in eBay during the 1st quarter worth approximately $73,777,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EBAY. Barclays lifted their target price on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Benchmark reiterated a “buy” rating and issued a $58.00 target price on shares of eBay in a report on Monday, June 17th. Truist Financial lifted their target price on eBay from $48.00 to $50.00 and gave the company a “hold” rating in a report on Monday, May 6th. Jefferies Financial Group lifted their price target on eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Finally, UBS Group lifted their price target on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $52.67.

About eBay

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.