Raymond J. Pittman Sells 31,400 Shares of eBay Inc. (EBAY) Stock
eBay Inc. (NASDAQ:EBAY) SVP Raymond J. Pittman sold 31,400 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $35.58, for a total value of $1,117,212.00. Following the transaction, the senior vice president now owns 74,334 shares in the company, valued at approximately $2,644,803.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of eBay Inc. (NASDAQ:EBAY) traded up $0.43 during mid-day trading on Tuesday, reaching $35.96. The company’s stock had a trading volume of 5,888,580 shares, compared to its average volume of 8,843,977. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $39.28. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. The stock has a market cap of $37,170.00, a price-to-earnings ratio of 22.24, a PEG ratio of 2.73 and a beta of 1.38.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. eBay had a return on equity of 15.69% and a net margin of 80.45%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the business posted $0.45 EPS. eBay’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities analysts anticipate that eBay Inc. will post 1.65 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of EBAY. Glenview Capital Management LLC increased its stake in eBay by 442.0% in the 2nd quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock worth $310,995,000 after buying an additional 7,262,862 shares in the last quarter. Harding Loevner LP bought a new position in shares of eBay during the 2nd quarter valued at about $128,878,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of eBay by 1,077.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock valued at $131,973,000 after purchasing an additional 3,458,300 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of eBay by 134.5% during the 2nd quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock valued at $207,826,000 after purchasing an additional 3,414,163 shares during the last quarter. Finally, Independent Franchise Partners LLP boosted its holdings in shares of eBay by 17.6% during the 3rd quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock valued at $874,151,000 after purchasing an additional 3,406,261 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.
EBAY has been the topic of a number of research analyst reports. Benchmark Co. restated a “buy” rating and set a $45.00 price target (up previously from $40.00) on shares of eBay in a report on Friday, September 22nd. Aegis restated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of eBay in a report on Tuesday, September 19th. DA Davidson initiated coverage on eBay in a report on Wednesday, September 13th. They set a “buy” rating and a $45.00 price target on the stock. BidaskClub downgraded eBay from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Robert W. Baird restated a “buy” rating and set a $38.00 price target on shares of eBay in a report on Monday, October 16th. Two analysts have rated the stock with a sell rating, twenty-two have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $38.45.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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