eBay Inc. (NASDAQ:EBAY) SVP Jordan Douglas Bradle Sweetnam Sells 22,207 Shares

eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $75.04, for a total value of $1,666,413.28. Following the transaction, the senior vice president directly owned 22,206 shares in the company, valued at $1,666,338.24. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, June 17th, Jordan Douglas Bradle Sweetnam sold 23,597 shares of eBay stock. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86.

eBay Stock Performance

Shares of eBay stock traded up $0.56 during mid-day trading on Friday, hitting $76.34. 2,162,941 shares of the stock were exchanged, compared to its average volume of 5,038,193. eBay Inc. has a 12 month low of $52.14 and a 12 month high of $79.84. The company has a 50-day simple moving average of $73.36 and a 200 day simple moving average of $68.45. The company has a market capitalization of $35.19 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.13 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17.

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

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, May 30th. eBay's dividend payout ratio is 27.62%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its holdings in eBay by 5.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,150 shares of the e-commerce company's stock valued at $257,000 after purchasing an additional 224 shares during the period. US Bancorp DE lifted its position in shares of eBay by 8.3% during the 4th quarter. US Bancorp DE now owns 100,657 shares of the e-commerce company's stock valued at $6,236,000 after buying an additional 7,725 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of eBay by 4.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,979 shares of the e-commerce company's stock worth $371,000 after acquiring an additional 253 shares during the period. Modera Wealth Management LLC grew its stake in shares of eBay by 6.3% during the 4th quarter. Modera Wealth Management LLC now owns 9,812 shares of the e-commerce company's stock worth $608,000 after acquiring an additional 579 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in eBay by 35.1% in the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock worth $503,000 after acquiring an additional 2,110 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EBAY has been the subject of several research analyst reports. Wall Street Zen raised shares of eBay from a "hold" rating to a "buy" rating in a report on Saturday, April 26th. Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price on the stock in a research report on Monday, May 12th. Barclays increased their price objective on eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Truist Financial boosted their price objective on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Evercore ISI raised their price objective on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $67.85.

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.