Cornelius Boone Sells 4,439 Shares of eBay (NASDAQ:EBAY) Stock

Key Points

• Cornelius Boone, the Senior Vice President of eBay, sold 4,439 shares of company stock for a total of $397,423.67, reducing his position by 4.54%.
• eBay's stock price recently rose to $91.11, with a significant trading volume of nearly 10.9 million shares compared to its average of 5.65 million.
• The company reported $1.37 earnings per share for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.29 per share, reflecting a 1.3% yield.

eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Cornelius Boone sold 4,439 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total value of $397,423.67. Following the transaction, the senior vice president owned 93,392 shares of the company's stock, valued at $8,361,385.76. This trade represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

eBay Trading Up 1.7%

Shares of NASDAQ:EBAY traded up $1.51 during trading hours on Friday, hitting $91.11. 10,935,889 shares of the company's stock traded hands, compared to its average volume of 5,650,128. eBay Inc. has a 1 year low of $56.33 and a 1 year high of $101.15. The business has a fifty day moving average price of $89.71 and a 200-day moving average price of $76.95. The firm has a market capitalization of $41.64 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.18 and a beta of 1.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The e-commerce company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.07. eBay had a return on equity of 38.97% and a net margin of 20.86%.The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the previous year, the business earned $1.18 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. eBay has set its Q3 2025 guidance at 1.290-1.340 EPS. Equities analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. eBay's payout ratio is currently 25.55%.

Analyst Ratings Changes

EBAY has been the subject of several research analyst reports. Wedbush reaffirmed a "neutral" rating and set a $72.00 price target on shares of eBay in a research note on Wednesday, June 11th. Cantor Fitzgerald lifted their price target on shares of eBay from $69.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Piper Sandler lifted their price target on shares of eBay from $74.00 to $95.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Argus reaffirmed a "hold" rating on shares of eBay in a research note on Thursday, August 14th. Finally, Arete raised shares of eBay from a "sell" rating to a "neutral" rating and set a $91.00 price target for the company in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, eBay presently has a consensus rating of "Hold" and an average price target of $78.89.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently made changes to their positions in EBAY. Princeton Global Asset Management LLC boosted its position in shares of eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company's stock worth $25,000 after purchasing an additional 269 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in eBay during the 1st quarter worth approximately $26,000. Orion Capital Management LLC acquired a new stake in eBay during the 4th quarter worth approximately $27,000. GFG Capital LLC acquired a new stake in eBay during the 2nd quarter worth approximately $28,000. Finally, Abound Financial LLC acquired a new stake in eBay during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

About eBay

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.

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