eBay Inc. (NASDAQ:EBAY) SVP Julie A. Loeger Sells 7,419 Shares

eBay Inc. (NASDAQ:EBAYGet Free Report) SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

eBay Price Performance

EBAY stock opened at $53.61 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The business has a 50 day simple moving average of $51.69 and a 200-day simple moving average of $46.69. The firm has a market capitalization of $26.91 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 2.50 and a beta of 1.32. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $55.15.

eBay (NASDAQ:EBAYGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share. Equities research analysts anticipate that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.27 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.08 annualized dividend and a yield of 2.01%. eBay’s payout ratio is 21.51%.

eBay declared that its Board of Directors has authorized a stock repurchase program on Tuesday, February 27th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the e-commerce company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. CVA Family Office LLC purchased a new position in eBay in the fourth quarter worth approximately $25,000. LRI Investments LLC acquired a new position in eBay during the first quarter worth $29,000. Washington Trust Advisors Inc. acquired a new position in eBay during the first quarter worth $30,000. Jones Financial Companies Lllp lifted its stake in eBay by 73.5% during the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 310 shares in the last quarter. Finally, American National Bank lifted its stake in eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. UBS Group boosted their target price on eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. BMO Capital Markets boosted their price target on eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Barclays boosted their price target on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Wells Fargo & Company boosted their price target on eBay from $45.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Finally, Susquehanna boosted their price objective on eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. One investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.05.

View Our Latest Analysis on EBAY

eBay Company Profile

(Get Free Report)

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.

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