eBay Inc. (NASDAQ:EBAY) SVP Sells $2,435,344.10 in Stock

eBay Inc. (NASDAQ:EBAY) SVP Marie Oh Huber sold 49,070 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the completion of the sale, the senior vice president now owns 177,391 shares in the company, valued at $8,803,915.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

eBay Stock Down 0.8 %

Shares of eBay stock opened at $49.69 on Thursday. The company has a market cap of $25.14 billion, a P/E ratio of 9.90, a PEG ratio of 1.93 and a beta of 1.31. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $52.93. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average price is $51.03 and its 200-day moving average price is $44.98.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, sell-side analysts predict that eBay Inc. will post 3.75 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.08 dividend on an annualized basis and a yield of 2.17%. eBay’s payout ratio is 21.51%.

eBay announced that its board has approved a stock buyback program 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 stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On eBay

A number of large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted 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 acquiring an additional 3,534,030 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of eBay by 34.3% during the fourth 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. Norges Bank purchased a new stake in eBay in the fourth quarter valued at approximately $53,019,000. Dimensional Fund Advisors LP increased its holdings in eBay by 22.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after buying an additional 1,141,288 shares during the period. Finally, Invesco Ltd. raised its position in eBay by 16.0% during the 3rd quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock worth $360,749,000 after buying an additional 1,130,089 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on EBAY shares. Truist Financial upped their price objective on eBay from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Monday. Benchmark reaffirmed a “buy” rating and issued a $58.00 price target on shares of eBay in a research note on Thursday, May 2nd. Mizuho boosted 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. Piper Sandler raised their target price on shares of eBay from $50.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Finally, Barclays boosted their price target on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus target price of $51.45.

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.