Marie Oh Huber Sells 49,070 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the transaction, the senior vice president now owns 177,391 shares of the company’s stock, valued at $8,803,915.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $49.69 on Thursday. The company has a 50-day moving average price of $51.03 and a two-hundred day moving average price of $44.98. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $52.93. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $25.14 billion, a PE ratio of 9.90, a P/E/G ratio of 1.93 and a beta of 1.31.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 EPS. Equities analysts forecast that eBay Inc. will post 3.75 EPS for the current year.

eBay announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 27th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the e-commerce company to purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.08 dividend on an annualized basis and a yield of 2.17%. eBay’s dividend payout ratio (DPR) is 21.51%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. The Goldman Sachs Group started coverage on eBay in a report on Wednesday, January 10th. They set a “sell” rating and a $38.00 price objective for the company. Piper Sandler increased their price target on eBay from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. UBS Group lifted their price objective on shares of eBay from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Mizuho increased their target price on shares of eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Finally, StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus target price of $51.45.

Institutional Investors Weigh In On eBay

A number of institutional investors and hedge funds have recently modified their holdings of the company. CVA Family Office LLC bought a new stake in eBay during the 4th quarter worth approximately $25,000. Washington Trust Advisors Inc. bought a new position in shares of eBay in the first quarter worth $30,000. Jones Financial Companies Lllp raised its position in shares of eBay by 73.5% in the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after buying an additional 310 shares in the last quarter. American National Bank boosted its stake in eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 400 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in eBay during the third quarter worth about $46,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Company Profile

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.