eBay Inc. (EBAY) VP Brian J. Doerger Sells 4,359 Shares of Stock

eBay Inc. (NASDAQ:EBAY) VP Brian J. Doerger sold 4,359 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $35.75, for a total transaction of $155,834.25. Following the completion of the sale, the vice president now owns 23,392 shares in the company, valued at approximately $836,264. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

eBay Inc. (NASDAQ EBAY) traded down $0.63 during mid-day trading on Wednesday, hitting $35.22. 11,468,000 shares of the stock traded hands, compared to its average volume of 8,882,823. The stock has a market cap of $37,447.87, a P/E ratio of 22.41, a P/E/G ratio of 2.75 and a beta of 1.36. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46. eBay Inc. has a fifty-two week low of $27.28 and a fifty-two week high of $39.28.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 18th. The e-commerce company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. equities analysts forecast that eBay Inc. will post 1.65 earnings per share for the current year.

eBay announced that its board has approved a stock repurchase plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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Several brokerages have recently weighed in on EBAY. Benchmark Co. lifted their price target on shares of eBay from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $41.00 price target (up previously from $40.00) on shares of eBay in a research note on Sunday, July 23rd. Piper Jaffray Companies set a $34.00 price target on shares of eBay and gave the stock a “hold” rating in a research note on Wednesday, October 11th. Morgan Stanley reiterated an “underweight” rating and set a $28.00 price target on shares of eBay in a research note on Saturday, July 22nd. Finally, Guggenheim began coverage on shares of eBay in a research note on Friday, October 20th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and seventeen have issued a buy rating to the company. eBay presently has an average rating of “Hold” and an average price target of $38.45.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its holdings in shares of eBay by 2.1% in the 3rd quarter. California Public Employees Retirement System now owns 2,403,193 shares of the e-commerce company’s stock valued at $92,427,000 after acquiring an additional 50,139 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of eBay in the 3rd quarter valued at $27,876,000. Valeo Financial Advisors LLC purchased a new stake in shares of eBay in the 3rd quarter valued at $122,000. Vident Investment Advisory LLC purchased a new stake in shares of eBay in the 3rd quarter valued at $581,000. Finally, First Allied Advisory Services Inc. boosted its holdings in shares of eBay by 14.0% in the 3rd quarter. First Allied Advisory Services Inc. now owns 17,333 shares of the e-commerce company’s stock valued at $685,000 after acquiring an additional 2,125 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors and hedge funds.

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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