Insider Selling: eBay (NASDAQ:EBAY) SVP Sells $374,540.28 in Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 4,462 shares of eBay stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $83.94, for a total value of $374,540.28. Following the transaction, the senior vice president owned 91,921 shares in the company, valued at $7,715,848.74. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

eBay Stock Performance

Shares of EBAY stock opened at $84.66 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.92 and a current ratio of 0.92. eBay Inc. has a 52 week low of $58.71 and a 52 week high of $101.15. The company’s 50 day moving average price is $85.99 and its two-hundred day moving average price is $86.15. The company has a market capitalization of $38.27 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 2.13 and a beta of 1.35.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. On average, analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. eBay’s dividend payout ratio (DPR) is currently 25.22%.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently made changes to their positions in the company. Independent Franchise Partners LLP lifted its stake in eBay by 4.6% in the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock valued at $791,714,000 after acquiring an additional 510,629 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of eBay by 5.6% in the 2nd quarter. Nordea Investment Management AB now owns 9,085,603 shares of the e-commerce company’s stock valued at $674,061,000 after purchasing an additional 478,410 shares during the period. Invesco Ltd. raised its holdings in shares of eBay by 1.7% in the 2nd quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock valued at $638,983,000 after purchasing an additional 140,160 shares during the period. First Trust Advisors LP lifted its stake in eBay by 27.8% in the 3rd quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock valued at $755,767,000 after purchasing an additional 1,808,976 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in eBay by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,157,105 shares of the e-commerce company’s stock worth $417,021,000 after purchasing an additional 322,910 shares during the period. 87.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup reiterated a “market outperform” rating on shares of eBay in a report on Thursday, October 30th. Mizuho initiated coverage on shares of eBay in a research note on Monday, September 29th. They set a “neutral” rating and a $98.00 price target for the company. Jefferies Financial Group boosted their price objective on shares of eBay from $60.00 to $65.00 and gave the stock an “underperform” rating in a research report on Friday, October 17th. Bank of America increased their target price on shares of eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Finally, TD Cowen lifted their price target on shares of eBay from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $94.41.

eBay Company Profile

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.