eBay Inc. (NASDAQ:EBAY) SVP Harry A. Lawton III sold 34,832 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $35.00, for a total transaction of $1,219,120.00. Following the completion of the sale, the senior vice president now owns 83,058 shares of the company’s stock, valued at $2,907,030. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

eBay Inc. (NASDAQ:EBAY) traded up 0.31% during trading on Wednesday, reaching $35.36. 3,976,937 shares of the company traded hands. The firm has a market capitalization of $37.85 billion, a price-to-earnings ratio of 5.30 and a beta of 1.36. The firm’s 50 day moving average price is $35.76 and its 200 day moving average price is $34.30. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $37.48.

eBay (NASDAQ:EBAY) last posted its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. eBay had a net margin of 80.93% and a return on equity of 17.50%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the company posted $0.43 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts expect that eBay Inc. will post $2.01 earnings per share for the current year.

eBay declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 20th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the e-commerce company to repurchase up to 7.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. GWM Advisors LLC purchased a new stake in eBay during the second quarter worth $157,000. Colony Group LLC bought a new stake in shares of eBay during the second quarter worth approximately $213,000. Koch Industries Inc. raised its stake in shares of eBay by 7,308.3% in the second quarter. Koch Industries Inc. now owns 1,283,565 shares of the e-commerce company’s stock worth $1,248,000 after buying an additional 1,266,239 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of eBay during the second quarter worth approximately $382,000. Finally, Piedmont Investment Advisors LLC raised its stake in shares of eBay by 1.0% in the second quarter. Piedmont Investment Advisors LLC now owns 216,433 shares of the e-commerce company’s stock worth $7,558,000 after buying an additional 2,067 shares in the last quarter. 85.71% of the stock is owned by institutional investors.

Several brokerages have issued reports on EBAY. Citigroup Inc. restated a “buy” rating and set a $43.00 price objective (up from $42.00) on shares of eBay in a research report on Friday, July 21st. UBS AG set a $40.00 price objective on shares of eBay and gave the stock a “buy” rating in a research report on Friday, July 21st. Barclays PLC restated an “overweight” rating and set a $42.00 price objective (up from $41.00) on shares of eBay in a research report on Friday, July 21st. J P Morgan Chase & Co set a $38.00 price objective on shares of eBay and gave the stock a “neutral” rating in a research report on Friday, July 21st. Finally, Stifel Nicolaus set a $36.00 price objective on shares of eBay and gave the stock a “neutral” rating in a research report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company’s stock. eBay has an average rating of “Hold” and a consensus target price of $37.05.

About eBay

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.

Insider Buying and Selling by Quarter for eBay (NASDAQ:EBAY)

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