Insider Selling: eBay Inc. (EBAY) Insider Sells 134,207 Shares of Stock
eBay Inc. (NASDAQ:EBAY) insider Devin Wenig sold 134,207 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $42.69, for a total transaction of $5,729,296.83. Following the completion of the transaction, the insider now directly owns 642,077 shares in the company, valued at approximately $27,410,267.13. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
eBay Inc. (NASDAQ:EBAY) opened at $41.66 on Friday. The company has a current ratio of 2.19, a quick ratio of 2.46 and a debt-to-equity ratio of 1.15. The company has a market cap of $42,160.00, a PE ratio of -39.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.31. eBay Inc. has a 12-month low of $31.89 and a 12-month high of $46.99.
eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, meeting analysts’ consensus estimates of $0.59. eBay had a negative net margin of 10.62% and a positive return on equity of 16.82%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. equities research analysts expect that eBay Inc. will post 1.84 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Suntrust Banks Inc. boosted its holdings in shares of eBay by 7.0% in the 4th quarter. Suntrust Banks Inc. now owns 29,343 shares of the e-commerce company’s stock valued at $1,105,000 after buying an additional 1,919 shares in the last quarter. Birch Hill Investment Advisors LLC boosted its holdings in shares of eBay by 3.4% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 654,020 shares of the e-commerce company’s stock valued at $24,683,000 after buying an additional 21,280 shares in the last quarter. Timber Hill LLC bought a new stake in shares of eBay in the 4th quarter valued at about $1,109,000. Baird Financial Group Inc. boosted its holdings in shares of eBay by 4.6% in the 4th quarter. Baird Financial Group Inc. now owns 541,638 shares of the e-commerce company’s stock valued at $20,441,000 after buying an additional 23,628 shares in the last quarter. Finally, FDx Advisors Inc. boosted its holdings in shares of eBay by 2.1% in the 4th quarter. FDx Advisors Inc. now owns 94,830 shares of the e-commerce company’s stock valued at $3,579,000 after buying an additional 1,929 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.
Several research firms recently commented on EBAY. Stifel Nicolaus raised their price target on shares of eBay from $37.00 to $41.00 and gave the stock a “hold” rating in a research note on Thursday, February 1st. UBS Group reaffirmed a “buy” rating and issued a $48.00 price target (up previously from $44.00) on shares of eBay in a research note on Thursday, February 1st. Bank of America raised their price target on shares of eBay from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Canaccord Genuity reaffirmed a “hold” rating and issued a $43.00 price target on shares of eBay in a research note on Thursday, February 1st. Finally, Barclays set a $49.00 price target on shares of eBay and gave the stock a “buy” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $42.87.
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eBay Company Profile
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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