eBay Inc. (EBAY) CAO Brian J. Doerger Sells 18,000 Shares
eBay Inc. (NASDAQ:EBAY) CAO Brian J. Doerger sold 18,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $28.93, for a total transaction of $520,740.00. Following the completion of the sale, the chief accounting officer now owns 39,947 shares in the company, valued at $1,155,666.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
eBay Inc. (NASDAQ:EBAY) traded down 0.55% on Wednesday, reaching $28.90. The company’s stock had a trading volume of 6,033,410 shares. The firm has a 50-day moving average price of $29.57 and a 200 day moving average price of $28.36. The firm has a market capitalization of $32.31 billion, a P/E ratio of 18.56 and a beta of 1.33. eBay Inc. has a 52-week low of $21.51 and a 52-week high of $33.19.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 19th. The e-commerce company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. eBay had a return on equity of 28.67% and a net margin of 20.29%. The business earned $2.22 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts anticipate that eBay Inc. will post $1.88 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Mycio Wealth Partners LLC raised its position in shares of eBay by 28.7% in the second quarter. Mycio Wealth Partners LLC now owns 4,255 shares of the e-commerce company’s stock worth $100,000 after buying an additional 949 shares during the period. Washington Trust Bank raised its position in shares of eBay by 5.2% in the second quarter. Washington Trust Bank now owns 4,334 shares of the e-commerce company’s stock worth $101,000 after buying an additional 216 shares during the period. Physicians Financial Services Inc. raised its position in shares of eBay by 10.0% in the third quarter. Physicians Financial Services Inc. now owns 3,300 shares of the e-commerce company’s stock worth $108,000 after buying an additional 300 shares during the period. NEXT Financial Group Inc raised its position in shares of eBay by 39.2% in the third quarter. NEXT Financial Group Inc now owns 3,411 shares of the e-commerce company’s stock worth $112,000 after buying an additional 960 shares during the period. Finally, Advisory Services Network LLC raised its position in shares of eBay by 3.2% in the second quarter. Advisory Services Network LLC now owns 4,883 shares of the e-commerce company’s stock worth $114,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 81.62% of the company’s stock.
EBAY has been the subject of a number of recent analyst reports. Pacific Crest cut shares of eBay to a “sell” rating in a research note on Saturday, October 1st. Robert W. Baird reiterated an “outperform” rating and issued a $35.00 target price on shares of eBay in a research note on Monday, August 8th. Wedbush lowered their target price on shares of eBay from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, October 20th. Citigroup Inc. reiterated a “buy” rating and issued a $34.00 target price on shares of eBay in a research note on Thursday, October 20th. Finally, Vetr cut shares of eBay from a “buy” rating to a “hold” rating and set a $33.37 target price for the company. in a research note on Wednesday, October 19th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.59.
eBay Inc (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce.
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