eBay Inc (NASDAQ:EBAY) Short Interest Update

eBay Inc (NASDAQ:EBAY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 30,860,000 shares, an increase of 11.6% from the December 15th total of 27,640,000 shares. Approximately 4.0% of the company’s shares are short sold. Based on an average trading volume of 7,460,000 shares, the short-interest ratio is currently 4.1 days.

In other news, SVP Wendy Elizabeth Jones sold 7,878 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $35.73, for a total value of $281,480.94. Following the completion of the sale, the senior vice president now directly owns 39,000 shares of the company’s stock, valued at approximately $1,393,470. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.22% of the company’s stock.

A number of hedge funds have recently modified their holdings of EBAY. Nuveen Asset Management LLC lifted its position in shares of eBay by 1,128.3% during the second quarter. Nuveen Asset Management LLC now owns 11,368,581 shares of the e-commerce company’s stock valued at $449,059,000 after buying an additional 10,443,045 shares during the last quarter. Lindsell Train Ltd raised its stake in shares of eBay by 0.4% during the 3rd quarter. Lindsell Train Ltd now owns 10,218,600 shares of the e-commerce company’s stock worth $398,321,000 after acquiring an additional 43,700 shares in the last quarter. First Trust Advisors LP lifted its position in eBay by 2.4% during the third quarter. First Trust Advisors LP now owns 8,206,073 shares of the e-commerce company’s stock valued at $319,873,000 after acquiring an additional 192,360 shares during the last quarter. Kensico Capital Management Corp lifted its position in eBay by 16.7% during the third quarter. Kensico Capital Management Corp now owns 6,610,000 shares of the e-commerce company’s stock valued at $257,658,000 after acquiring an additional 945,800 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in eBay by 25.2% during the second quarter. AQR Capital Management LLC now owns 5,796,481 shares of the e-commerce company’s stock valued at $227,686,000 after acquiring an additional 1,168,201 shares during the last quarter. 87.19% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on EBAY shares. Raymond James cut shares of eBay from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a research note on Thursday, October 24th. Macquarie set a $44.00 price target on shares of eBay and gave the stock a “hold” rating in a research note on Thursday, September 26th. Aegis lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. BidaskClub lowered shares of eBay from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 11th. Finally, Benchmark decreased their price target on shares of eBay from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. eBay currently has a consensus rating of “Hold” and a consensus price target of $42.73.

eBay stock traded up $0.64 during mid-day trading on Thursday, reaching $35.93. 201,377 shares of the company were exchanged, compared to its average volume of 6,440,841. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $28.76 billion, a P/E ratio of 20.33, a PEG ratio of 1.48 and a beta of 1.36. The business has a fifty day moving average of $35.54 and a 200 day moving average of $37.98. eBay has a 12-month low of $30.06 and a 12-month high of $42.00.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. eBay had a return on equity of 41.12% and a net margin of 18.33%. The business’s revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS. Sell-side analysts predict that eBay will post 2.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Monday, December 2nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Friday, November 29th. eBay’s payout ratio is currently 31.64%.

About eBay

eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.

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