eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Julie Loeger sold 41,649 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $123.02, for a total transaction of $5,123,659.98. Following the completion of the transaction, the senior vice president owned 112,850 shares of the company's stock, valued at $13,882,807. This represents a 26.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
eBay Stock Down 2.1%
Shares of NASDAQ EBAY opened at $120.14 on Friday. The stock has a market capitalization of $52.74 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 2.91 and a beta of 1.30. eBay Inc. has a 52 week low of $78.03 and a 52 week high of $127.74. The firm has a 50-day moving average price of $113.88 and a 200 day moving average price of $105.13. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.16.
eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.10. eBay had a net margin of 16.84% and a return on equity of 49.20%. The company had revenue of $3.21 billion during the quarter, compared to analysts' expectations of $3.12 billion. During the same period last year, the company posted $1.36 earnings per share. The firm's quarterly revenue was up 13.7% compared to the same quarter last year. Equities research analysts anticipate that eBay Inc. will post 4.79 EPS for the current fiscal year.
eBay Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay's dividend payout ratio (DPR) is 27.07%.
Key eBay News
These are some of the EBAY news items that stood out recently:
- Positive Sentiment: Archival fashion listings and prices are reportedly climbing, suggesting stronger interest in at least one category on eBay’s marketplace. Article: eBay sees archival fashion listings, prices climb
- Neutral Sentiment: A comparison of eBay and PDD Holdings as value stocks offers investors a relative-valuation perspective, but the headline alone does not indicate which company is favored. Article: PDD or EBAY: Which Is the Better Value Stock Right Now?
- Negative Sentiment: SVP Julie Loeger sold 41,649 shares for about $5.12 million, reducing her position by 26.96%. She still owned 112,850 shares after the sale; insider selling can unsettle investors, though it does not by itself establish a change in the company’s outlook. SEC Form 4 filing
Institutional Investors Weigh In On eBay
Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in eBay in the second quarter valued at $4,406,897,000. Dimensional Fund Advisors LP lifted its position in eBay by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company's stock worth $446,042,000 after buying an additional 80,450 shares during the period. Legal & General Group Plc purchased a new position in eBay during the second quarter worth about $506,653,000. Amundi boosted its stake in eBay by 26.4% in the 2nd quarter. Amundi now owns 4,014,323 shares of the e-commerce company's stock worth $448,601,000 after buying an additional 838,057 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in eBay by 0.8% in the 1st quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company's stock worth $338,799,000 after buying an additional 30,761 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.
Analysts Set New Price Targets
EBAY has been the topic of several recent research reports. William Blair assumed coverage on eBay in a research report on Thursday, October 29th. They issued a "market perform" rating on the stock. Arete Research reduced their target price on shares of eBay from $113.00 to $111.00 and set a "neutral" rating on the stock in a report on Thursday, September 24th. Mizuho set a $120.00 price target on shares of eBay in a research note on Thursday, October 29th. Weiss Ratings downgraded shares of eBay from a "buy (a-)" rating to a "buy (b+)" rating in a report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of eBay from $107.00 to $125.00 and gave the stock a "neutral" rating in a report on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $123.52.
View Our Latest Stock Analysis on EBAY
About eBay
(
Get Free Report)
eBay Inc. operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts. Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace. eBay serves customers and businesses in markets around the world.
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