Stephen Fisher Sells 69,406 Shares of eBay Inc. (EBAY) Stock
eBay Inc. (NASDAQ:EBAY) SVP Stephen Fisher sold 69,406 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $37.63, for a total value of $2,611,747.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
eBay Inc. (EBAY) traded down 0.24% during trading on Tuesday, reaching $36.74. The company had a trading volume of 8,532,732 shares. The stock has a market cap of $39.32 billion, a P/E ratio of 5.51 and a beta of 1.36. The firm has a 50-day moving average price of $38.09 and a 200 day moving average price of $35.66. eBay Inc. has a 12-month low of $27.28 and a 12-month high of $39.28.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. Equities research analysts predict that eBay Inc. will post $2.00 EPS for the current fiscal year.
eBay announced that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
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A number of institutional investors have recently modified their holdings of EBAY. BlackRock Inc. grew its stake in shares of eBay by 2,424.9% during the first quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after purchasing an additional 59,937,723 shares during the last quarter. Glenview Capital Management LLC grew its stake in shares of eBay by 442.0% during the second quarter. Glenview Capital Management LLC now owns 8,905,922 shares of the e-commerce company’s stock valued at $310,995,000 after purchasing an additional 7,262,862 shares during the last quarter. Harding Loevner LP bought a new stake in shares of eBay during the second quarter valued at approximately $128,878,000. Arrowstreet Capital Limited Partnership grew its stake in shares of eBay by 1,077.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,779,300 shares of the e-commerce company’s stock valued at $131,973,000 after purchasing an additional 3,458,300 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of eBay by 134.5% during the second quarter. Janus Henderson Group PLC now owns 5,951,860 shares of the e-commerce company’s stock valued at $207,826,000 after purchasing an additional 3,414,163 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on EBAY shares. Benchmark Co. raised their price objective on eBay from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $41.00 price objective (up from $40.00) on shares of eBay in a research note on Sunday, July 23rd. Piper Jaffray Companies set a $34.00 price objective on eBay and gave the company a “hold” rating in a research note on Wednesday, October 11th. Morgan Stanley reaffirmed an “underweight” rating and issued a $28.00 price objective on shares of eBay in a research note on Saturday, July 22nd. Finally, Guggenheim started coverage on eBay in a research note on Friday. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $38.45.
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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