Stephen Fisher Sells 22,561 Shares of eBay Inc (EBAY) Stock

eBay Inc (NASDAQ:EBAY) SVP Stephen Fisher sold 22,561 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was 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 approximately $4,193,990.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

eBay Inc (NASDAQ EBAY) traded up $0.29 during trading on Thursday, reaching $42.44. The company’s stock had a trading volume of 9,930,100 shares, compared to its average volume of 11,946,539. The stock has a market cap of $42,950.00, a P/E ratio of 22.13, a PEG ratio of 2.40 and a beta of 1.31. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.15. eBay Inc has a twelve month low of $31.89 and a twelve month high of $46.99.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, January 31st. The e-commerce company reported $0.59 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. The business had revenue of $2.61 billion during 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%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. analysts expect that eBay Inc will post 1.84 EPS for the current fiscal year.

eBay declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the e-commerce company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

EBAY has been the subject of several research analyst reports. Morgan Stanley set a $36.00 target price on eBay and gave the stock a “sell” rating in a research report on Friday, January 12th. BidaskClub upgraded eBay from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Aegis restated a “buy” rating and set a $45.00 price target on shares of eBay in a report on Saturday, December 30th. SunTrust Banks upgraded eBay from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, January 12th. Finally, Credit Suisse Group reiterated an “in-line” rating and issued a $51.00 target price (up previously from $46.00) on shares of eBay in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $42.87.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in eBay by 1.2% in the 4th quarter. BlackRock Inc. now owns 61,658,847 shares of the e-commerce company’s stock worth $2,327,005,000 after purchasing an additional 740,730 shares during the period. Magellan Asset Management Ltd raised its holdings in eBay by 2.7% in the 4th quarter. Magellan Asset Management Ltd now owns 37,035,282 shares of the e-commerce company’s stock worth $1,397,712,000 after purchasing an additional 986,978 shares during the period. Independent Franchise Partners LLP raised its holdings in eBay by 17.6% in the 3rd quarter. Independent Franchise Partners LLP now owns 22,728,844 shares of the e-commerce company’s stock worth $874,151,000 after purchasing an additional 3,406,261 shares during the period. Lazard Asset Management LLC raised its holdings in eBay by 7.6% in the 4th quarter. Lazard Asset Management LLC now owns 22,610,368 shares of the e-commerce company’s stock worth $853,313,000 after purchasing an additional 1,595,771 shares during the period. Finally, Nordea Investment Management AB raised its holdings in eBay by 20.4% in the 3rd quarter. Nordea Investment Management AB now owns 18,407,787 shares of the e-commerce company’s stock worth $707,963,000 after purchasing an additional 3,118,453 shares during the period. 88.28% of the stock is owned by institutional investors and hedge funds.

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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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