eBay Inc. (EBAY) Director Robert Holmes Swan Sells 25,000 Shares
eBay Inc. (NASDAQ:EBAY) Director Robert Holmes Swan sold 25,000 shares of eBay stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $37.51, for a total value of $937,750.00. Following the sale, the director now directly owns 262,119 shares in the company, valued at approximately $9,832,083.69. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of eBay Inc. (NASDAQ EBAY) traded up 0.79% during trading on Monday, reaching $38.09. The company’s stock had a trading volume of 6,121,966 shares. The company has a market cap of $40.77 billion, a PE ratio of 5.71 and a beta of 1.34. The firm’s 50-day moving average is $35.74 and its 200 day moving average is $34.62. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $38.30.
eBay (NASDAQ:EBAY) last issued its earnings results on Thursday, July 20th. The e-commerce company reported $0.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.45. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. eBay had a return on equity of 17.50% and a net margin of 80.93%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. On average, equities research analysts predict that eBay Inc. will post $2.00 EPS for the current fiscal year.
eBay announced that its Board of Directors has authorized a share buyback plan on Thursday, July 20th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to buy up to 7.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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Several analysts have recently weighed in on the company. Canaccord Genuity reissued a “hold” rating and set a $34.00 price objective on shares of eBay in a report on Wednesday, September 6th. Robert W. Baird reissued an “outperform” rating and set a $38.00 price objective on shares of eBay in a report on Sunday, August 20th. Royal Bank Of Canada reissued a “hold” rating on shares of eBay in a report on Friday, August 18th. SunTrust Banks, Inc. assumed coverage on eBay in a report on Tuesday, August 15th. They set a “hold” rating and a $38.00 price objective on the stock. Finally, Mizuho reissued an “underperform” rating and set a $34.00 price objective on shares of eBay in a report on Monday, August 7th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the stock. eBay currently has a consensus rating of “Hold” and an average price target of $37.05.
Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of eBay by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 68,101,836 shares of the e-commerce company’s stock valued at $2,378,116,000 after purchasing an additional 1,121,890 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of eBay by 2,424.9% in the 1st quarter. BlackRock Inc. now owns 62,409,458 shares of the e-commerce company’s stock valued at $2,095,089,000 after purchasing an additional 59,937,723 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of eBay by 169.5% in the 1st quarter. Wellington Management Group LLP now owns 37,211,205 shares of the e-commerce company’s stock valued at $1,249,180,000 after purchasing an additional 23,404,909 shares in the last quarter. Boston Partners boosted its holdings in shares of eBay by 1.9% in the 1st quarter. Boston Partners now owns 29,574,853 shares of the e-commerce company’s stock valued at $992,828,000 after purchasing an additional 544,112 shares in the last quarter. Finally, Independent Franchise Partners LLP boosted its holdings in shares of eBay by 17.6% in the 2nd quarter. Independent Franchise Partners LLP now owns 19,322,583 shares of the e-commerce company’s stock valued at $674,744,000 after purchasing an additional 2,898,085 shares in the last quarter. 84.91% of the stock is currently owned by hedge funds and other institutional investors.
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.
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