Marie Oh Huber Sells 49,070 Shares of eBay Inc. (NASDAQ:EBAY) Stock

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

eBay Price Performance

Shares of eBay stock opened at $50.07 on Wednesday. The firm has a fifty day simple moving average of $51.03 and a 200-day simple moving average of $44.98. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $52.93. The stock has a market capitalization of $25.34 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.93 and a beta of 1.31.

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

eBay declared that its Board of Directors has initiated a share buyback program on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio (DPR) is currently 21.51%.

Analyst Upgrades and Downgrades

EBAY has been the topic of several analyst reports. Piper Sandler lifted 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. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Mizuho raised their price target on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, May 2nd. UBS Group raised their price target on shares of eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Susquehanna lifted their target price on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $51.45.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently bought and sold shares of EBAY. Ameriprise Financial Inc. increased its holdings in eBay by 39.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,418,131 shares of the e-commerce company’s stock valued at $547,516,000 after buying an additional 3,534,030 shares during the period. Pacer Advisors Inc. increased its holdings in eBay by 34.3% in the 4th quarter. Pacer Advisors Inc. now owns 5,839,329 shares of the e-commerce company’s stock valued at $254,712,000 after buying an additional 1,491,485 shares during the period. Norges Bank bought a new stake in eBay in the 4th quarter valued at $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 valued at $272,551,000 after buying an additional 1,141,288 shares during the period. Finally, Invesco Ltd. increased its holdings in eBay by 16.0% in the 3rd quarter. Invesco Ltd. now owns 8,182,095 shares of the e-commerce company’s stock valued at $360,749,000 after buying an additional 1,130,089 shares during the period. Institutional investors own 87.48% of the company’s stock.

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.