Insider Selling: eBay Inc. (EBAY) SVP Sells 11,956 Shares of Stock
eBay Inc. (NASDAQ:EBAY) SVP Stephen Fisher sold 11,956 shares of eBay stock in a transaction on Monday, July 24th. The stock was sold at an average price of $36.24, for a total value of $433,285.44. Following the sale, the senior vice president now directly owns 89,740 shares of the company’s stock, valued at approximately $3,252,177.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of eBay Inc. (NASDAQ EBAY) traded up 1.98% during trading on Wednesday, hitting $37.04. The stock had a trading volume of 11,304,920 shares. The stock has a market capitalization of $39.64 billion, a price-to-earnings ratio of 5.56 and a beta of 1.36. eBay Inc. has a 52 week low of $27.28 and a 52 week high of $37.48. The firm has a 50 day moving average price of $35.36 and a 200-day moving average price of $33.73. eBay also was the recipient of unusually large options trading on Monday. Stock investors acquired 4,033 call options on the company. This represents an increase of 484% compared to the typical daily volume of 690 call options.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. On average, equities research analysts forecast that eBay Inc. will post $2.01 EPS for the current fiscal year.
eBay announced that its board has authorized a stock buyback plan on Thursday, July 20th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to purchase up to 7.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the stock. Westside Investment Management Inc. raised its stake in eBay by 284.0% in the first quarter. Westside Investment Management Inc. now owns 3,567 shares of the e-commerce company’s stock valued at $121,000 after buying an additional 2,638 shares in the last quarter. FNY Partners Fund LP raised its stake in eBay by 660.0% in the first quarter. FNY Partners Fund LP now owns 3,800 shares of the e-commerce company’s stock valued at $127,000 after buying an additional 3,300 shares in the last quarter. Parallel Advisors LLC raised its stake in eBay by 25.5% in the first quarter. Parallel Advisors LLC now owns 4,221 shares of the e-commerce company’s stock valued at $140,000 after buying an additional 858 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in eBay by 100.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,450 shares of the e-commerce company’s stock valued at $149,000 after buying an additional 2,230 shares in the last quarter. Finally, First Personal Financial Services raised its stake in eBay by 611.8% in the first quarter. First Personal Financial Services now owns 4,883 shares of the e-commerce company’s stock valued at $164,000 after buying an additional 4,197 shares in the last quarter. Institutional investors own 85.13% of the company’s stock.
A number of equities research analysts have recently weighed in on EBAY shares. Credit Suisse Group raised eBay from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $34.00 to $44.00 in a report on Monday, June 5th. Robert W. Baird reissued an “outperform” rating on shares of eBay in a report on Monday, July 3rd. UBS AG set a $40.00 target price on eBay and gave the stock a “buy” rating in a report on Friday, July 21st. Royal Bank Of Canada reissued a “hold” rating and set a $34.00 target price on shares of eBay in a report on Thursday, April 13th. Finally, BidaskClub raised eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $36.91.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company connects buyers and sellers around the world. Its platforms enable sellers around the world to organize and offer their inventory for sale, and buyers to find and purchase it.
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