Insider Selling: eBay Inc. (EBAY) SVP Sells 22,561 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Stephen Fisher sold 22,561 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $43.97, for a total value of $992,007.17. Following the completion of the transaction, the senior vice president now directly owns 95,383 shares in the company, valued at $4,193,990.51. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of eBay Inc. (NASDAQ EBAY) opened at $41.02 on Friday. The stock has a market capitalization of $42,841.35, a P/E ratio of 25.66, a PEG ratio of 2.41 and a beta of 1.30. The company has a current ratio of 2.19, a quick ratio of 2.46 and a debt-to-equity ratio of 1.15. eBay Inc. has a 1 year low of $31.89 and a 1 year high of $46.99.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. eBay had a positive return on equity of 16.82% and a negative net margin of 10.62%. eBay’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 earnings per share. analysts predict that eBay Inc. will post 1.84 EPS for the current year.

eBay announced that its board has initiated a share repurchase plan on Wednesday, January 31st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the e-commerce company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

A number of research analysts recently weighed in on EBAY shares. Morgan Stanley set a $36.00 price objective on eBay and gave the company a “sell” rating in a research note on Friday, January 12th. BidaskClub raised eBay from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Aegis reissued a “buy” rating and issued a $45.00 price objective on shares of eBay in a research note on Saturday, December 30th. SunTrust Banks raised eBay from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Friday, January 12th. Finally, BMO Capital Markets raised eBay from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Monday, December 4th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have given a buy rating to the company’s stock. eBay has an average rating of “Hold” and an average target price of $42.87.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC increased its position in shares of eBay by 3.0% during the fourth quarter. Northwest Investment Counselors LLC now owns 42,468 shares of the e-commerce company’s stock valued at $1,603,000 after purchasing an additional 1,221 shares during the period. Caxton Associates LP increased its position in shares of eBay by 10.7% during the second quarter. Caxton Associates LP now owns 13,500 shares of the e-commerce company’s stock valued at $471,000 after purchasing an additional 1,300 shares during the period. Tandem Investment Advisors Inc. increased its position in shares of eBay by 16.1% during the second quarter. Tandem Investment Advisors Inc. now owns 10,013 shares of the e-commerce company’s stock valued at $350,000 after purchasing an additional 1,385 shares during the period. Security National Trust Co. increased its position in shares of eBay by 10.6% during the third quarter. Security National Trust Co. now owns 14,685 shares of the e-commerce company’s stock valued at $564,000 after purchasing an additional 1,410 shares during the period. Finally, Amalgamated Bank increased its position in shares of eBay by 1.3% during the third quarter. Amalgamated Bank now owns 114,862 shares of the e-commerce company’s stock valued at $4,418,000 after purchasing an additional 1,455 shares during the period. Institutional investors and hedge funds own 85.84% of the company’s stock.

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eBay Company Profile

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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