eBay (NASDAQ:EBAY) Announces Quarterly Earnings Results

eBay (NASDAQ:EBAY) posted its quarterly earnings data on Wednesday. The e-commerce company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.06, FiscalAI reports. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.87 billion. eBay had a return on equity of 41.94% and a net margin of 20.37%.

eBay Price Performance

Shares of eBay stock traded up $2.33 on Wednesday, hitting $82.28. 8,203,888 shares of the company were exchanged, compared to its average volume of 4,833,491. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $88.25 and a 200 day moving average price of $89.41. The stock has a market capitalization of $37.19 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.38. eBay has a 1-year low of $58.71 and a 1-year high of $101.15.

Analyst Upgrades and Downgrades

EBAY has been the subject of several recent analyst reports. Daiwa Securities Group cut their price target on shares of eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. President Capital cut their target price on shares of eBay from $103.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, December 19th. The Goldman Sachs Group reduced their price target on shares of eBay from $78.00 to $77.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. TD Cowen reiterated a “hold” rating on shares of eBay in a report on Wednesday. Finally, Sanford C. Bernstein set a $90.00 price objective on eBay in a research note on Friday, October 31st. Thirteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $94.42.

Insider Buying and Selling

In related news, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of eBay stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the transaction, the senior vice president owned 4,733 shares in the company, valued at approximately $435,388.67. This trade represents a 87.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mazen Rawashdeh sold 1,920 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total value of $157,248.00. Following the completion of the sale, the senior vice president owned 5,746 shares of the company’s stock, valued at approximately $470,597.40. The trade was a 25.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 43,584 shares of company stock worth $3,918,282. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On eBay

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Commerce Bank grew its stake in shares of eBay by 0.5% in the 4th quarter. Commerce Bank now owns 28,313 shares of the e-commerce company’s stock valued at $2,466,000 after buying an additional 132 shares during the period. Smartleaf Asset Management LLC lifted its holdings in eBay by 2.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,761 shares of the e-commerce company’s stock valued at $502,000 after acquiring an additional 141 shares during the last quarter. Quadrant Capital Group LLC grew its position in eBay by 0.6% in the fourth quarter. Quadrant Capital Group LLC now owns 24,766 shares of the e-commerce company’s stock worth $2,157,000 after acquiring an additional 149 shares during the period. BOKF NA grew its position in eBay by 18.1% in the third quarter. BOKF NA now owns 1,633 shares of the e-commerce company’s stock worth $149,000 after acquiring an additional 250 shares during the period. Finally, Hilltop Holdings Inc. increased its stake in eBay by 6.8% during the third quarter. Hilltop Holdings Inc. now owns 4,083 shares of the e-commerce company’s stock worth $371,000 after acquiring an additional 261 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

About eBay

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.