eBay (NASDAQ:EBAY) SVP Sells $5,123,659.98 in Stock

Key Points

• SVP Julie Loeger sold 41,649 eBay shares for about $5.12 million, reducing her direct stake by 26.96% to 112,850 shares.
• eBay beat quarterly earnings and revenue expectations, reporting EPS of $1.51 and revenue of $3.21 billion; revenue rose 13.7% year over year.
• Analysts’ consensus rating was Hold, with an average price target of $123.52. eBay also announced a quarterly dividend of $0.31 per share.

eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Julie Loeger sold 41,649 shares of the business's stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $123.02, for a total transaction of $5,123,659.98. Following the completion of the sale, the senior vice president directly owned 112,850 shares of the company's stock, valued at approximately $13,882,807. The trade was a 26.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

eBay Price Performance

EBAY stock traded down $1.93 during trading on Thursday, hitting $120.75. The stock had a trading volume of 1,036,348 shares, compared to its average volume of 4,826,810. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $127.74. The company's 50-day moving average price is $113.61 and its two-hundred day moving average price is $105.00. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $53.01 billion, a P/E ratio of 26.40, a PEG ratio of 2.93 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.10. eBay had a net margin of 16.84% and a return on equity of 49.20%. The business had revenue of $3.21 billion during the quarter, compared to analysts' expectations of $3.12 billion. During the same period in the prior year, the business earned $1.36 earnings per share. The company's quarterly revenue was up 13.7% compared to the same quarter last year. As a group, research analysts predict that eBay Inc. will post 4.79 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, December 4th. eBay's dividend payout ratio (DPR) is presently 27.07%.

Analyst Ratings Changes

EBAY has been the subject of several analyst reports. Erste Group Bank began coverage on shares of eBay in a research note on Wednesday, October 21st. They issued a "buy" rating for the company. Morgan Stanley lifted their price target on shares of eBay from $132.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, October 29th. Arete Research decreased their price objective on eBay from $113.00 to $111.00 and set a "neutral" rating on the stock in a report on Thursday, September 24th. Robert W. Baird set a $135.00 price objective on eBay in a research report on Thursday, October 29th. Finally, Needham & Company LLC raised their target price on eBay from $135.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Seventeen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $123.52.

Trending Headlines about eBay

These are some of the EBAY headlines that stood out recently:

• Positive Sentiment: eBay is rolling out AI-driven tools that turn seller photos into listing content and handle more of the listing process. Easier, faster listing could encourage sellers to add inventory and support marketplace activity, though the articles provide no estimate of financial impact. eBay revamps selling with AI-driven photo-to-listing technology eBay is letting AI do the heavy lifting for sellers on the site
• Neutral Sentiment: Recent commentary examines whether lower-cost shipping changes the investment case for eBay. Shipping affordability could matter to sellers and buyers, but the headline alone does not indicate the size or direction of any financial benefit. Is Lower Cost Shipping Altering The Investment Case For eBay (EBAY)?
• Neutral Sentiment: Other coverage discusses eBay’s SEMA car-collection launch and compares EBAY’s valuation with PDD Holdings, but the provided headlines do not offer enough detail to establish a clear near-term earnings or stock-price catalyst. Is eBay Undervalued After Its SEMA Car Collection Launch? PDD or EBAY: Which Is the Better Value Stock Right Now?

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rakuten Investment Management Inc. purchased a new position in eBay in the second quarter valued at $7,929,000. Lombard Odier Asset Management Europe Ltd purchased a new position in eBay in the second quarter valued at $23,393,000. Marvin & Palmer Associates Inc. acquired a new stake in eBay in the second quarter valued at $3,989,000. Empowered Funds LLC acquired a new stake in eBay in the second quarter valued at $16,967,000. Finally, Glenview Trust Co purchased a new stake in eBay during the 2nd quarter worth about $1,544,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Company Profile

eBay Inc. operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts. Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace. eBay serves customers and businesses in markets around the world.

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