eBay Inc. (NASDAQ:EBAY) SVP Sells $1,825,935.86 in Stock

eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of eBay stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the completion of the sale, the senior vice president now owns 44,413 shares of the company's stock, valued at approximately $3,436,677.94. This trade represents a 34.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

eBay Stock Performance

Shares of EBAY opened at $74.35 on Wednesday. eBay Inc. has a 1 year low of $52.03 and a 1 year high of $79.84. The company has a market cap of $34.28 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.15 and a beta of 1.27. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a fifty day moving average of $72.16 and a 200-day moving average of $67.94.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio (DPR) is 27.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EBAY. JPMorgan Chase & Co. lifted their price target on shares of eBay from $60.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. BMO Capital Markets lifted their price target on shares of eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. TD Securities lifted their price target on shares of eBay from $62.00 to $64.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Needham & Company LLC lifted their price target on shares of eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, JMP Securities restated a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $67.73.

Institutional Investors Weigh In On eBay

Several institutional investors have recently bought and sold shares of EBAY. Impax Asset Management Group plc lifted 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 during the period. Ameriprise Financial Inc. lifted its holdings in eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares during the period. Nuveen LLC acquired a new stake in eBay in the first quarter worth about $202,346,000. Independent Franchise Partners LLP lifted its holdings in 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. lifted its holdings in 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. Institutional investors and hedge funds 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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