eBay Inc. (NASDAQ:EBAY) SVP Edward O. Garcia Sells 986 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Edward O. Garcia sold 986 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

eBay Price Performance

Shares of EBAY opened at $54.01 on Tuesday. The company has a market cap of $27.11 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $55.15. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The company has a 50 day moving average of $52.18 and a two-hundred day moving average of $48.00.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. As a group, analysts predict that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.27 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.00%. eBay’s dividend payout ratio is currently 21.51%.

eBay declared that its board has initiated a share buyback program on Tuesday, February 27th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SteelPeak Wealth LLC purchased a new position in shares of eBay in the fourth quarter worth $1,767,000. Allspring Global Investments Holdings LLC raised its holdings in shares of eBay by 604.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 630,956 shares of the e-commerce company’s stock worth $27,522,000 after buying an additional 541,384 shares during the last quarter. Savant Capital LLC raised its holdings in shares of eBay by 2.3% in the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after buying an additional 262 shares during the last quarter. Raymond James & Associates raised its holdings in shares of eBay by 6.9% in the first quarter. Raymond James & Associates now owns 873,900 shares of the e-commerce company’s stock worth $46,124,000 after buying an additional 56,148 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of eBay in the fourth quarter worth $955,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. StockNews.com downgraded shares of eBay from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 19th. Robert W. Baird upped their target price on shares of eBay from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Wells Fargo & Company upped their target price on shares of eBay from $45.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Finally, Mizuho upped their target price on shares of eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $52.67.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.