eBay Inc. (NASDAQ:EBAY) SVP Sells $7,082,524.00 in Stock

Key Points

• Julie A. Loeger, Senior VP of eBay Inc., sold 75,952 shares of the company at an average price of $93.25, totaling approximately $7.08 million, resulting in a 58.85% decrease in her stock ownership.
• eBay reported better-than-expected quarterly earnings with an EPS of $1.37, surpassing analysts' estimates, and a revenue of $2.73 billion, marking a 6.1% increase year-over-year.
• The company declared a quarterly dividend of $0.29 per share, with a yield of 1.3%, to be paid on September 12th to shareholders of record on August 29th.

eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Julie A. Loeger sold 75,952 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the transaction, the senior vice president directly owned 53,107 shares in the company, valued at approximately $4,952,227.75. This trade represents a 58.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

eBay Trading Up 0.1%

Shares of EBAY traded up $0.12 during midday trading on Friday, hitting $93.14. The stock had a trading volume of 5,296,222 shares, compared to its average volume of 5,603,809. The business has a 50-day simple moving average of $78.62 and a two-hundred day simple moving average of $71.23. The firm has a market cap of $42.56 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a fifty-two week low of $54.80 and a fifty-two week high of $93.50.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. eBay had a net margin of 20.86% and a return on equity of 38.97%. The firm's revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.18 earnings per share. As a group, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. eBay's payout ratio is 25.55%.

Wall Street Analyst Weigh In

EBAY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on eBay from $75.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Stifel Nicolaus raised their price target on eBay from $62.00 to $68.00 and gave the stock a "hold" rating in a research note on Tuesday, July 29th. Wedbush reaffirmed a "neutral" rating and set a $72.00 price objective on shares of eBay in a research note on Wednesday, June 11th. Citizens Jmp upgraded shares of eBay to a "hold" rating in a report on Thursday, July 10th. Finally, TD Securities boosted their target price on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $78.19.

Hedge Funds Weigh In On eBay

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its position 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 in the last quarter. Independent Franchise Partners LLP raised its stake in eBay by 4.6% during the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company's stock worth $791,714,000 after acquiring an additional 510,629 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of eBay by 5.6% during the second quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company's stock valued at $674,061,000 after acquiring an additional 478,410 shares during the period. Invesco Ltd. boosted its stake in shares of eBay by 8.0% in the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company's stock valued at $571,736,000 after purchasing an additional 627,823 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company's stock worth $481,525,000 after purchasing an additional 300,216 shares during the last quarter. 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.