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

eBay Inc. (NASDAQ:EBAY) SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the sale, the senior vice president now owns 123,282 shares of the company’s stock, valued at $8,559,469.26. This trade represents a 50.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

eBay Stock Up 0.0%

EBAY stock opened at $69.17 on Wednesday. The stock 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. 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 Inc. has a one year low of $51.02 and a one year high of $71.61. The company has a 50 day moving average price of $66.33 and a two-hundred day moving average price of $65.29.

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

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.68%. eBay’s payout ratio is currently 27.62%.

Analysts Set New Price Targets

A number of brokerages recently commented on EBAY. Wells Fargo & Company raised their price objective on shares of eBay from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, May 1st. Truist Financial raised their price objective on shares of eBay from $62.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Daiwa America upgraded shares of eBay from a “hold” rating to a “strong-buy” rating in a research report on Monday. Citigroup reduced their price target on shares of eBay from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Bank of America reduced their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $67.42.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Impax Asset Management Group plc boosted its holdings in shares of eBay by 2,536.5% in the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company’s stock valued at $239,037,000 after purchasing an additional 3,401,198 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Nuveen LLC acquired a new position in shares of eBay in the 1st quarter valued at $202,346,000. Independent Franchise Partners LLP boosted its holdings in shares of eBay by 25.6% in the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock valued at $692,517,000 after purchasing an additional 2,277,839 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of eBay by 5,181.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company’s stock valued at $148,757,000 after purchasing an additional 2,154,735 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.