eBay Inc. (NASDAQ:EBAY) SVP Sells $1,729,847.40 in Stock

eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of eBay stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jordan Douglas Bradle Sweetnam also recently made the following trade(s):

• On Tuesday, July 1st, Jordan Douglas Bradle Sweetnam sold 22,207 shares of eBay stock. The stock was sold at an average price of $75.04, for a total transaction of $1,666,413.28.
• On Tuesday, June 17th, Jordan Douglas Bradle Sweetnam sold 23,597 shares of eBay stock. The stock was sold at an average price of $77.38, for a total value of $1,825,935.86.

eBay Stock Performance

Shares of NASDAQ EBAY traded down $0.13 during trading hours on Thursday, reaching $76.79. The stock had a trading volume of 4,391,065 shares, compared to its average volume of 5,053,429. The firm has a market cap of $35.40 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.15 and a beta of 1.26. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. eBay Inc. has a fifty-two week low of $53.10 and a fifty-two week high of $79.84. The firm has a 50-day moving average of $74.83 and a 200-day moving average of $69.24.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 EPS. Equities research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, May 30th. eBay's dividend payout ratio (DPR) is currently 27.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EBAY shares. Stifel Nicolaus raised their target price on shares of eBay from $61.00 to $62.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Sanford C. Bernstein downgraded shares of eBay from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $70.00 to $65.00 in a report on Tuesday, April 22nd. Needham & Company LLC upped their price objective on shares of eBay from $72.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Barclays raised their target price on shares of eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, eBay has an average rating of "Hold" and a consensus price target of $68.12.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently modified their holdings of the stock. Impax Asset Management Group plc boosted its holdings in eBay by 2,536.5% in the first quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock worth $239,037,000 after purchasing an additional 3,401,198 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Nuveen LLC bought a new position in shares of eBay in the first quarter worth about $202,346,000. Independent Franchise Partners LLP increased its stake in shares of eBay by 25.6% in the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after purchasing an additional 2,277,839 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of eBay by 5,181.4% in the first quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company's stock worth $148,757,000 after purchasing an additional 2,154,735 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

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.

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