eBay (NASDAQ:EBAY) Stock: Insider Julie Loeger Sells 41,649 Shares

eBay Inc. (NASDAQ:EBAY) SVP Julie Loeger sold 41,649 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $123.02, for a total value of $5,123,659.98. Following the completion of the transaction, the senior vice president directly owned 112,850 shares of the company’s stock, valued at $13,882,807. This trade represents a 26.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

eBay Stock Down 1.6%

eBay stock traded down $1.93 during mid-day trading on Thursday, hitting $120.75. The company had a trading volume of 1,036,348 shares, compared to its average volume of 4,826,810. The stock has a market cap of $53.01 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.93 and a beta of 1.30. eBay Inc. has a 1 year low of $78.03 and a 1 year high of $127.74. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. The business has a fifty day moving average of $113.61 and a 200 day moving average of $105.00.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $3.12 billion. During the same quarter in the previous year, the firm earned $1.36 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts expect that eBay Inc. will post 4.79 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.0%. eBay’s payout ratio is 27.07%.

Institutional Investors Weigh In On eBay

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of eBay during the 2nd quarter worth approximately $4,406,897,000. Dimensional Fund Advisors LP boosted its stake in shares of eBay by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock valued at $446,042,000 after buying an additional 80,450 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of eBay in the second quarter valued at approximately $506,653,000. Amundi boosted its stake in shares of eBay by 26.4% in the second quarter. Amundi now owns 4,014,323 shares of the e-commerce company’s stock valued at $448,601,000 after buying an additional 838,057 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in eBay by 0.8% during the first quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company’s stock worth $338,799,000 after acquiring an additional 30,761 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EBAY. Erste Group Bank assumed coverage on eBay in a research report on Wednesday, October 21st. They issued a “buy” rating for the company. Oppenheimer set a $150.00 price target on shares of eBay in a research note on Thursday, October 29th. BMO Capital Markets restated an “outperform” rating on shares of eBay in a research note on Thursday, October 29th. Mizuho set a $120.00 price objective on shares of eBay in a research note on Thursday, October 29th. Finally, Barclays cut shares of eBay from an “overweight” rating to an “underweight” rating in a report on Thursday, October 29th. Seventeen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $123.52.

Recent eBay Headlines

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
• Positive Sentiment: Coverage says listings and prices for archival fashion are climbing, suggesting strength in a specialty category where eBay can attract buyers and sellers. The reports do not quantify the effect on overall sales. eBay sees archival fashion listings, prices climb
• 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)?

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.