Julie A. Loeger Sells 127,070 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the transaction, the senior vice president now owns 123,282 shares in the company, valued at approximately $8,559,469.26. This trade represents a 50.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

eBay Price Performance

EBAY opened at $69.17 on Wednesday. The company has a 50-day moving average of $66.33 and a 200-day moving average of $65.29. The company has a market capitalization of $31.89 billion, a P/E ratio of 17.38, a PEG ratio of 2.22 and a beta of 1.30. eBay Inc. has a 1-year low of $51.02 and a 1-year high of $71.61. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 EPS. Equities analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio is presently 27.62%.

Institutional Investors Weigh In On eBay

Institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in shares of eBay during the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new stake in shares of eBay during the 4th quarter valued at about $27,000. Abound Financial LLC bought a new stake in shares of eBay during the 1st quarter valued at about $29,000. Pinney & Scofield Inc. bought a new stake in shares of eBay during the 4th quarter valued at about $31,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of eBay during the 4th quarter valued at about $33,000. Institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent research reports. TD Securities lifted their target price on shares of eBay from $62.00 to $64.00 and gave the company a “hold” rating in a report on Thursday, May 1st. JMP Securities restated a “market perform” rating on shares of eBay in a report on Thursday, May 1st. Citigroup reduced their target price on shares of eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Needham & Company LLC lifted their target price on shares of eBay from $72.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Finally, Daiwa America upgraded shares of eBay from a “hold” rating to a “strong-buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, eBay currently has an average rating of “Hold” and a consensus target price of $67.42.

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.