eBay (NASDAQ:EBAY) released its earnings results on Wednesday. The e-commerce company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19, RTT News reports. eBay had a net margin of 24.43% and a return on equity of 31.26%. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis.
Shares of eBay stock opened at $41.27 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.48. The business has a 50-day simple moving average of $38.82. eBay has a 52 week low of $26.01 and a 52 week high of $41.11. The company has a market capitalization of $34.79 billion, a PE ratio of 17.79, a PEG ratio of 1.97 and a beta of 1.35.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.36%. eBay’s dividend payout ratio (DPR) is presently 24.14%.
EBAY has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target on shares of Inflarx to $64.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Canaccord Genuity set a C$16.50 price objective on shares of Detour Gold and gave the company a “buy” rating in a research note on Wednesday, April 24th. SunTrust Banks lifted their price objective on shares of Brown & Brown to $40.00 and gave the company a “buy” rating in a research note on Tuesday. Benchmark restated a “buy” rating and issued a $105.00 price target (up previously from $90.00) on shares of New Oriental Education & Tech Grp in a research note on Wednesday, April 24th. Finally, Citigroup started coverage on shares of CHURCHILL CAP C/SH in a research note on Thursday. They issued a “neutral” rating and a $17.00 price target for the company. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $40.89.
In other eBay news, SVP Kristin A. Yetto sold 25,156 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $37.41, for a total value of $941,085.96. Following the sale, the senior vice president now directly owns 74,547 shares in the company, valued at $2,788,803.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Brian J. Doerger sold 14,237 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $38.06, for a total transaction of $541,860.22. Following the completion of the sale, the vice president now owns 37,340 shares in the company, valued at $1,421,160.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,199 shares of company stock worth $7,176,017. 6.22% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of EBAY. Fulton Bank N.A. increased its holdings in shares of eBay by 2.6% in the 1st quarter. Fulton Bank N.A. now owns 10,929 shares of the e-commerce company’s stock valued at $405,000 after purchasing an additional 272 shares during the period. Parallel Advisors LLC increased its holdings in shares of eBay by 10.0% in the 1st quarter. Parallel Advisors LLC now owns 3,021 shares of the e-commerce company’s stock valued at $112,000 after purchasing an additional 274 shares during the period. Cable Hill Partners LLC increased its holdings in shares of eBay by 64.6% in the 1st quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 295 shares during the period. First Allied Advisory Services Inc. increased its holdings in shares of eBay by 1.1% in the 1st quarter. First Allied Advisory Services Inc. now owns 33,293 shares of the e-commerce company’s stock valued at $1,243,000 after purchasing an additional 352 shares during the period. Finally, Brand Asset Management Group Inc. increased its holdings in shares of eBay by 69.6% in the 1st quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 355 shares during the period. Hedge funds and other institutional investors own 86.32% of the company’s stock.
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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