Key Points
- eBay SVP Cornelius Boone sold 31,000 shares for approximately $3.82 million, reducing his ownership by 29.33%; he retained 74,702 shares.
- eBay beat quarterly earnings and revenue expectations, reporting EPS of $1.51 and revenue of $3.21 billion; revenue increased 13.7% year over year.
- Analysts’ consensus rating was Hold, with an average price target of $123.52. eBay also announced a quarterly dividend of $0.31 per share.
eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Cornelius Boone sold 31,000 shares of the stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $123.37, for a total transaction of $3,824,470.00. Following the transaction, the senior vice president directly owned 74,702 shares of the company's stock, valued at $9,215,985.74. This represents a 29.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
eBay Stock Performance
Shares of EBAY stock traded up $0.78 during trading hours on Friday, hitting $120.92. 2,843,845 shares of the company were exchanged, compared to its average volume of 4,144,998. The firm has a fifty day simple moving average of $114.18 and a 200 day simple moving average of $105.26. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.16. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $127.74. The stock has a market capitalization of $53.08 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 2.85 and a beta of 1.30.
eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $3.12 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. eBay's revenue was up 13.7% on a year-over-year basis. Research analysts predict that eBay Inc. will post 4.79 earnings per share for the current fiscal year.
eBay Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay's dividend payout ratio (DPR) is currently 27.07%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on EBAY shares. Susquehanna upped their price target on eBay from $110.00 to $125.00 and gave the company a "neutral" rating in a research report on Friday, October 30th. Benchmark lifted their price objective on eBay from $115.00 to $134.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Oppenheimer set a $150.00 price objective on eBay in a research note on Thursday, October 29th. Piper Sandler restated an "overweight" rating and issued a $140.00 price objective on shares of eBay in a research note on Thursday, October 29th. Finally, William Blair initiated coverage on shares of eBay in a report on Thursday, October 29th. They set a "market perform" rating on the stock. Seventeen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $123.52.
Get Our Latest Stock Analysis on eBay
Institutional Investors Weigh In On eBay
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Entropy Technologies LP purchased a new stake in shares of eBay during the third quarter worth $3,649,000. Jump Financial LLC bought a new position in shares of eBay in the third quarter worth $10,075,000. L2 Asset Management LLC boosted its holdings in shares of eBay by 363.5% in the third quarter. L2 Asset Management LLC now owns 28,447 shares of the e-commerce company's stock worth $3,017,000 after acquiring an additional 22,310 shares during the period. Marshall Wace LLP boosted its holdings in shares of eBay by 140.4% in the third quarter. Marshall Wace LLP now owns 2,114,658 shares of the e-commerce company's stock worth $224,259,000 after acquiring an additional 1,235,010 shares during the period. Finally, Empowered Funds LLC grew its position in shares of eBay by 10.3% in the third quarter. Empowered Funds LLC now owns 167,434 shares of the e-commerce company's stock valued at $17,756,000 after purchasing an additional 15,600 shares in the last quarter. Institutional investors own 87.48% of the company's stock.
Trending Headlines about eBay
Here are a few of the latest headlines about EBAY:
- Positive Sentiment: eBay is rolling out AI-driven photo-to-listing technology intended to make it easier for sellers to create listings. If it reduces listing effort, the feature could improve seller activity and marketplace selection. Article: eBay revamps selling with AI-driven photo-to-listing technology
- Neutral Sentiment: A comparison of eBay and PDD Holdings as value stocks provides a relative-valuation lens, but the headline does not state which stock is the more attractive buy. Article: PDD or EBAY: Which Is the Better Value Stock Right Now?
- Negative Sentiment: Two senior vice presidents reported share sales: Julie Loeger sold 41,649 shares (about $5.12 million), reducing her stake by 26.96%, and Cornelius Boone sold 31,000 shares (about $3.82 million), reducing his by 29.33%. Insider selling can create near-term caution, though both executives retained substantial holdings and the sales do not establish a negative business outlook. Julie Loeger SEC filing Cornelius Boone SEC filing
eBay Company Profile
(
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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