eBay Inc. (NASDAQ:EBAY) CFO Sells $77,757.21 in Stock

17 Oct 2024, 21:53 by Mitch Edgeman · The Markets Daily

eBay Inc. (NASDAQ:EBAY – Get Free Report) CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

eBay Price Performance

Shares of NASDAQ EBAY traded down $1.56 during midday trading on Thursday, reaching $65.36. 4,927,135 shares of the company traded hands, compared to its average volume of 5,471,355. The firm has a market cap of $32.81 billion, a PE ratio of 13.11, a PEG ratio of 2.59 and a beta of 1.32. The stock’s 50-day simple moving average is $61.57 and its 200-day simple moving average is $55.84. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $67.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. As a group, equities analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.27 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.65%. eBay’s dividend payout ratio is 21.51%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EBAY. The Goldman Sachs Group lifted their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday. Evercore ISI lifted their price target on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. Citigroup raised their price objective on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Benchmark raised their price objective on shares of eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial raised their price objective on shares of eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $58.48.

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Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of eBay in the second quarter valued at about $26,000. Tortoise Investment Management LLC raised its holdings in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in eBay during the 2nd quarter worth about $29,000. Washington Trust Advisors Inc. bought a new stake in eBay during the 1st quarter worth about $30,000. Finally, LRI Investments LLC bought a new stake in eBay during the 1st quarter worth about $29,000. 87.48% of the stock is owned by institutional investors.

eBay Company Profile

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