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

by · The Cerbat Gem

eBay Inc. (NASDAQ:EBAYGet Free Report) SVP Cornelius Boone sold 4,462 shares of eBay stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $83.94, for a total transaction of $374,540.28. Following the transaction, the senior vice president owned 91,921 shares of the company’s stock, valued at $7,715,848.74. This represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

eBay Trading Up 1.2%

NASDAQ:EBAY opened at $84.66 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. eBay Inc. has a one year low of $58.71 and a one year high of $101.15. The company has a market cap of $38.27 billion, a PE ratio of 18.40, a PEG ratio of 2.11 and a beta of 1.35. The firm has a 50-day moving average of $85.99 and a 200-day moving average of $86.02.

eBay (NASDAQ:EBAYGet Free Report) last released its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The business had revenue of $2.82 billion during 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%.The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous 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 research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EBAY. Sanford C. Bernstein set a $90.00 price objective on shares of eBay in a research report on Friday, October 31st. UBS Group set a $95.00 target price on eBay in a research report on Thursday, October 30th. Bank of America lifted their target price on eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. BNP Paribas began coverage on shares of eBay in a report on Monday, November 24th. They issued a “hold” rating on the stock. Finally, BMO Capital Markets raised their price objective on shares of eBay from $102.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.41.

View Our Latest Analysis on eBay

Institutional Investors Weigh In On eBay

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ABN AMRO Bank N.V. bought a new position in eBay in the 2nd quarter worth about $235,149,000. Arrowstreet Capital Limited Partnership boosted its position in shares of eBay by 1,007.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,189,868 shares of the e-commerce company’s stock valued at $163,058,000 after acquiring an additional 1,992,116 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in eBay by 253.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company’s stock worth $187,191,000 after acquiring an additional 1,981,011 shares during the period. First Trust Advisors LP raised its position in shares of eBay by 27.8% in the third quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock worth $755,767,000 after buying an additional 1,808,976 shares in the last quarter. Finally, M&G PLC grew its stake in eBay by 88.8% in the 2nd quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock worth $206,142,000 after buying an additional 1,310,373 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Company Profile

(Get Free Report)

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.

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