eBay Inc. (NASDAQ:EBAY) SVP Stephen Fisher sold 69,406 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. Following the completion of the transaction, the senior vice president now directly owns 144,047 shares in the company, valued at $5,420,488.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
eBay Inc. (EBAY) traded up $0.28 during trading on Friday, hitting $35.97. 8,329,600 shares of the stock traded hands, compared to its average volume of 8,878,368. The stock has a market cap of $37,280.74, a PE ratio of 22.31, a P/E/G ratio of 2.74 and a beta of 1.36. eBay Inc. has a 1-year low of $27.28 and a 1-year high of $39.28. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.82.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the previous year, the company earned $0.45 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. sell-side analysts expect that eBay Inc. will post 1.65 earnings per share for the current year.
eBay announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 20th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
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A number of institutional investors and hedge funds have recently made changes to their positions in EBAY. Captrust Financial Advisors purchased a new stake in eBay in the second quarter valued at $108,000. BB&T Investment Services Inc. purchased a new stake in eBay in the second quarter valued at $119,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in eBay in the second quarter valued at $123,000. FNY Partners Fund LP lifted its position in eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in eBay by 1.7% in the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock valued at $127,000 after acquiring an additional 60 shares during the last quarter. 87.29% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have weighed in on EBAY. BidaskClub downgraded eBay from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Mizuho reaffirmed an “underperform” rating and set a $34.00 price target on shares of eBay in a research report on Monday, August 7th. SunTrust Banks, Inc. began coverage on eBay in a research report on Tuesday, August 15th. They set a “hold” rating and a $38.00 price target on the stock. KeyCorp reaffirmed a “hold” rating on shares of eBay in a research report on Wednesday, October 11th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of eBay in a research note on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have issued a buy rating to the company. eBay has an average rating of “Hold” and a consensus price target of $38.45.
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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