Investors Sell Shares of eBay (EBAY) on Strength (EBAY)

Investors sold shares of eBay Inc (NASDAQ:EBAY) on strength during trading on Tuesday. $40.18 million flowed into the stock on the tick-up and $103.09 million flowed out of the stock on the tick-down, for a money net flow of $62.91 million out of the stock. Of all stocks tracked, eBay had the 6th highest net out-flow for the day. eBay traded up $0.05 for the day and closed at $43.39

Several equities research analysts have issued reports on EBAY shares. Morgan Stanley set a $36.00 price target on eBay and gave the company a “sell” rating in a report on Friday, January 12th. BidaskClub raised eBay from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Aegis reaffirmed a “buy” rating and set a $45.00 price target on shares of eBay in a report on Saturday, December 30th. SunTrust Banks raised eBay from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, January 12th. Finally, Credit Suisse Group reaffirmed an “in-line” rating and set a $51.00 price target (up previously from $46.00) on shares of eBay in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eighteen have assigned a buy rating to the stock. eBay presently has a consensus rating of “Hold” and a consensus target price of $42.87.

The stock has a market capitalization of $43,910.00, a P/E ratio of 22.37, a P/E/G ratio of 2.47 and a beta of 1.31. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, January 31st. The e-commerce company reported $0.59 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.59. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. eBay’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. equities research analysts anticipate that eBay Inc will post 1.84 EPS for the current year.

eBay declared that its board has approved a share buyback plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other eBay news, SVP Joo Man Park sold 4,924 shares of eBay stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $42.67, for a total value of $210,107.08. Following the transaction, the senior vice president now owns 55,340 shares in the company, valued at $2,361,357.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Stephen Fisher sold 22,561 shares of eBay stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $43.97, for a total value of $992,007.17. Following the completion of the transaction, the senior vice president now owns 95,383 shares in the company, valued at approximately $4,193,990.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,352 shares of company stock valued at $7,171,104. 6.78% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. bought a new position in eBay in the fourth quarter valued at about $107,000. Valeo Financial Advisors LLC bought a new position in eBay in the third quarter valued at about $122,000. Steward Partners Investment Advisory LLC bought a new position in eBay in the third quarter valued at about $139,000. Grove Bank & Trust grew its position in eBay by 455.2% in the third quarter. Grove Bank & Trust now owns 3,720 shares of the e-commerce company’s stock valued at $143,000 after acquiring an additional 3,050 shares during the last quarter. Finally, Financial Advocates Investment Management bought a new position in eBay in the fourth quarter valued at about $148,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

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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.

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