Insider Selling: eBay Inc. (NASDAQ:EBAY) SVP Sells 49,070 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Marie Oh Huber sold 49,070 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the completion of the transaction, the senior vice president now directly owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

eBay Stock Up 1.4 %

Shares of eBay stock traded up $0.69 on Tuesday, hitting $50.07. 4,678,048 shares of the company’s stock traded hands, compared to its average volume of 6,422,792. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $52.93. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The stock has a market cap of $25.34 billion, a P/E ratio of 9.97, a PEG ratio of 1.93 and a beta of 1.31. The firm’s 50-day moving average is $50.92 and its 200 day moving average is $44.92.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. Equities analysts anticipate that eBay Inc. will post 3.75 earnings per share for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, May 30th. eBay’s dividend payout ratio is currently 21.51%.

eBay declared that its board has approved a share repurchase program on Tuesday, February 27th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $58.00 target price on shares of eBay in a research note on Thursday, May 2nd. Morgan Stanley dropped their price objective on shares of eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Piper Sandler boosted their target price on shares of eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. BMO Capital Markets increased their target price on eBay from $49.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. Finally, TD Cowen upped their price target on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.45.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. CVA Family Office LLC bought a new position in eBay during the fourth quarter worth $25,000. Jones Financial Companies Lllp grew its position in shares of eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 310 shares during the last quarter. American National Bank raised its stake in eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after acquiring an additional 400 shares during the period. First Command Advisory Services Inc. bought a new position in eBay in the third quarter worth about $46,000. Finally, Riverview Trust Co acquired a new position in eBay in the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.