Cornelius Boone Sells 4,462 Shares of eBay (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $83.94, for a total transaction of $374,540.28. Following the completion of the transaction, the senior vice president directly owned 91,921 shares of the company’s stock, valued at $7,715,848.74. This represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

eBay Stock Up 1.2%

Shares of NASDAQ EBAY opened at $84.66 on Friday. The stock has a market cap of $38.27 billion, a P/E ratio of 18.40, a PEG ratio of 2.13 and a beta of 1.35. The business’s fifty day simple moving average is $85.99 and its 200-day simple moving average is $86.09. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.06.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.03. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. eBay had a return on equity of 41.94% and a net margin of 20.37%.eBay’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. As a group, equities analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s payout ratio is 25.22%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BMO Capital Markets raised their price objective on eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Wells Fargo & Company boosted their price objective on eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Sanford C. Bernstein set a $90.00 target price on shares of eBay in a research report on Friday, October 31st. Rothschild & Co Redburn reduced their price target on shares of eBay from $95.00 to $90.00 in a research report on Friday, November 7th. Finally, Cantor Fitzgerald increased their price target on shares of eBay from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $94.41.

Hedge Funds Weigh In On eBay

Institutional investors have recently bought and sold shares of the company. Independent Franchise Partners LLP boosted its holdings in shares of eBay by 4.6% in the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock valued at $791,714,000 after acquiring an additional 510,629 shares in the last quarter. Nordea Investment Management AB lifted its position in eBay by 5.6% in the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after purchasing an additional 478,410 shares during the period. Invesco Ltd. boosted its holdings in eBay by 1.7% in the 2nd quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock valued at $638,983,000 after purchasing an additional 140,160 shares in the last quarter. First Trust Advisors LP increased its position in eBay by 27.8% during the 3rd quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock worth $755,767,000 after purchasing an additional 1,808,976 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of eBay by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock worth $417,021,000 after buying an additional 322,910 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.