eBay Inc. (NASDAQ:EBAY) Short Interest Update

eBay Inc. (NASDAQ:EBAY) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 28,260,000 shares, a decline of 7.7% from the August 31st total of 30,630,000 shares. Currently, 5.8% of the company’s shares are sold short. Based on an average trading volume of 4,740,000 shares, the days-to-cover ratio is presently 6.0 days.

Insider Activity

In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay in the second quarter valued at about $26,000. Tortoise Investment Management LLC increased its position in eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares during the period. LRI Investments LLC bought a new stake in eBay in the first quarter valued at $29,000. Hobbs Group Advisors LLC bought a new stake in eBay in the second quarter valued at $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of eBay during the first quarter valued at $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Up 1.0 %

Shares of eBay stock traded up $0.62 during trading hours on Tuesday, reaching $65.73. The stock had a trading volume of 2,329,635 shares, compared to its average volume of 5,568,458. The firm has a market capitalization of $33.00 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 2.45 and a beta of 1.32. eBay has a 1 year low of $37.17 and a 1 year high of $65.85. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a 50 day simple moving average of $58.79 and a two-hundred day simple moving average of $54.64.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. As a group, equities research analysts anticipate that eBay will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.64%. eBay’s payout ratio is 21.51%.

Analyst Ratings Changes

EBAY has been the subject of several analyst reports. JPMorgan Chase & Co. began coverage on shares of eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price target for the company. Wolfe Research started coverage on eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. Evercore ISI boosted their price target on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. Truist Financial increased their price objective on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Finally, Susquehanna boosted their target price on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.29.

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.