Traders Sell eBay (EBAY) on Strength (EBAY)

Investors sold shares of eBay Inc. (NASDAQ:EBAY) on strength during trading on Thursday. $287.88 million flowed into the stock on the tick-up and $329.52 million flowed out of the stock on the tick-down, for a money net flow of $41.64 million out of the stock. Of all equities tracked, eBay had the 23rd highest net out-flow for the day. eBay traded up $5.61 for the day and closed at $46.19

Several research analysts recently issued reports on EBAY shares. Goldman Sachs Group set a $40.00 target price on shares of eBay and gave the stock a “buy” rating in a report on Thursday, October 19th. Robert W. Baird restated a “buy” rating and set a $38.00 price target on shares of eBay in a research report on Monday, October 16th. Benchmark restated a “buy” rating and set a $45.00 price target on shares of eBay in a research report on Thursday, October 19th. Aegis restated a “buy” rating and set a $45.00 price target on shares of eBay in a research report on Friday, December 22nd. Finally, UBS Group set a $44.00 price target on shares of eBay and gave the company a “buy” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nineteen have assigned a buy rating to the stock. eBay has an average rating of “Hold” and an average target price of $42.87.

The company has a market cap of $48,250.00, a PE ratio of 6.82, a PEG ratio of 2.81 and a beta of 1.34. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.46 and a current ratio of 2.46.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. research analysts expect that eBay Inc. will post 1.65 earnings per share for the current year.

eBay announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the e-commerce company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other news, VP Brian J. Doerger sold 6,660 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $35.99, for a total value of $239,693.40. Following the transaction, the vice president now directly owns 16,732 shares of the company’s stock, valued at $602,184.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the transaction, the vice president now directly owns 23,392 shares in the company, valued at $836,264. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,419 shares of company stock worth $1,512,740. Company insiders own 6.78% of the company’s stock.

Large investors have recently bought and sold shares of the company. Valeo Financial Advisors LLC purchased a new position in shares of eBay in the third quarter worth about $122,000. BB&T Investment Services Inc. purchased a new position in shares of eBay in the second quarter worth about $119,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of eBay in the second quarter worth about $123,000. Steward Partners Investment Advisory LLC purchased a new position in shares of eBay in the third quarter worth about $139,000. Finally, Westside Investment Management Inc. lifted its stake in shares of eBay by 1.7% in the second quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after buying an additional 60 shares in the last quarter. 85.95% of the stock is currently owned by hedge funds and other institutional investors.

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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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