eBay (NASDAQ:EBAY) SVP Julie Loeger Sells 41,649 Shares of Company Stock

eBay Inc. (NASDAQ:EBAY) SVP Julie Loeger sold 41,649 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $123.02, for a total transaction of $5,123,659.98. Following the transaction, the senior vice president directly owned 112,850 shares in the company, valued at $13,882,807. The trade was a 26.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $120.14 on Friday. The company has a 50-day simple moving average of $113.88 and a 200-day simple moving average of $105.13. eBay Inc. has a one year low of $78.03 and a one year high of $127.74. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $52.74 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 2.91 and a beta of 1.30.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.12 billion. eBay had a return on equity of 49.20% and a net margin of 16.84%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company posted $1.36 earnings per share. On average, analysts predict that eBay Inc. will post 4.79 EPS for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay’s dividend payout ratio (DPR) is presently 27.07%.

Analyst Ratings Changes

A number of research firms have recently issued reports on EBAY. Citizens Jmp lowered eBay from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Robert W. Baird set a $135.00 price target on eBay in a report on Thursday, October 29th. Sanford C. Bernstein lifted their price objective on shares of eBay from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Thursday, October 29th. Mizuho set a $120.00 price objective on shares of eBay in a research report on Thursday, October 29th. Finally, Susquehanna boosted their price objective on shares of eBay from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. Seventeen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $123.52.

eBay News Roundup

Investors following EBAY have been watching these news items:

• Positive Sentiment: eBay is rolling out AI-powered photo-to-listing tools intended to make selling easier and reduce the work sellers do to create listings. Better seller tools could support engagement and activity on the marketplace. Article: eBay revamps selling with AI-driven photo-to-listing technology
• Positive Sentiment: Coverage says lower-cost shipping is changing the investment case for eBay. More affordable shipping could improve the appeal of buying and selling on the platform, though the article summary does not quantify the effect. Article: Is Lower Cost Shipping Altering The Investment Case For eBay?
• Neutral Sentiment: A new SEMA car collection launch prompted a discussion of whether eBay shares are undervalued, but the available article headline does not provide the valuation analysis or its conclusion. Article: Is eBay Undervalued After Its SEMA Car Collection Launch?

Hedge Funds Weigh In On eBay

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. John Boyer Inc. purchased a new stake in shares of eBay in the third quarter valued at approximately $26,000. Compass Financial Management LLC acquired a new position in eBay during the second quarter worth $28,000. Field & Main Bank acquired a new position in eBay during the second quarter worth $31,000. Cassaday & Co Wealth Management LLC acquired a new position in eBay during the first quarter worth $26,000. Finally, Latitude Advisors LLC purchased a new position in eBay in the third quarter worth $41,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Company Profile

eBay Inc. operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts. Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace. eBay serves customers and businesses in markets around the world.