eBay Inc. (NASDAQ:EBAY) SVP Jordan Douglas Bradle Sweetnam Sells 23,597 Shares

eBay Inc. (NASDAQ:EBAY) SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $77.38, for a total value of $1,825,935.86. Following the completion of the transaction, the senior vice president now directly owns 44,413 shares of the company’s stock, valued at approximately $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

eBay Trading Up 0.2%

EBAY opened at $74.52 on Thursday. The firm has a 50 day simple moving average of $72.34 and a 200 day simple moving average of $67.98. eBay Inc. has a fifty-two week low of $52.03 and a fifty-two week high of $79.84. The company has a market cap of $34.35 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS. On average, sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.56%. eBay’s dividend payout ratio is presently 27.62%.

Analysts Set New Price Targets

EBAY has been the topic of several recent analyst reports. Evercore ISI boosted their price target on eBay from $63.00 to $69.00 and gave the company an “in-line” rating in a research note on Thursday, May 1st. Robert W. Baird boosted their target price on shares of eBay from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Benchmark upped their target price on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Morgan Stanley increased their target price on shares of eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Daiwa America upgraded shares of eBay from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus target price of $67.73.

Hedge Funds Weigh In On eBay

Several hedge funds have recently added to or reduced their stakes in EBAY. Swedbank AB increased its stake in shares of eBay by 0.3% in the 1st quarter. Swedbank AB now owns 1,525,380 shares of the e-commerce company’s stock valued at $103,314,000 after acquiring an additional 3,957 shares during the last quarter. Voya Investment Management LLC grew its holdings in eBay by 1.3% during the first quarter. Voya Investment Management LLC now owns 151,601 shares of the e-commerce company’s stock valued at $10,268,000 after purchasing an additional 1,896 shares during the period. Fruth Investment Management bought a new stake in eBay in the first quarter valued at approximately $208,000. First Hawaiian Bank raised its holdings in eBay by 132.7% in the first quarter. First Hawaiian Bank now owns 21,579 shares of the e-commerce company’s stock worth $1,462,000 after purchasing an additional 12,306 shares during the period. Finally, Invst LLC bought a new position in shares of eBay during the first quarter worth $685,000. 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.