Cornelius Boone Sells 4,462 Shares of eBay (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 4,462 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the completion of the sale, the senior vice president directly owned 91,921 shares of the company’s stock, valued at approximately $7,715,848.74. This represents a 4.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

eBay Stock Up 1.2%

Shares of EBAY traded up $1.00 during mid-day trading on Friday, hitting $84.66. 11,673,024 shares of the company traded hands, compared to its average volume of 5,555,398. The company has a market capitalization of $38.27 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.09 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average of $86.07 and a 200 day moving average of $85.95. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.03. eBay had a net margin of 20.37% and a return on equity of 41.94%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the firm earned $1.19 EPS. eBay’s revenue was up 9.5% compared to the same quarter last year. eBay has set its FY 2025 guidance at 4.090-4.140 EPS and its Q4 2025 guidance at 1.310-1.360 EPS. Equities research analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 28th. eBay’s dividend payout ratio is presently 25.22%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on eBay from $89.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Morgan Stanley lifted their target price on eBay from $89.00 to $102.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. TD Cowen upped their target price on eBay from $80.00 to $84.00 and gave the company a “hold” rating in a research report on Monday, October 20th. Cowen reissued a “hold” rating on shares of eBay in a research report on Monday, October 20th. Finally, Wedbush upped their price objective on shares of eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $94.41.

Institutional Trading of eBay

A number of hedge funds have recently added to or reduced their stakes in EBAY. Miracle Mile Advisors LLC raised its position in shares of eBay by 0.4% in the third quarter. Miracle Mile Advisors LLC now owns 29,151 shares of the e-commerce company’s stock worth $2,651,000 after acquiring an additional 118 shares during the period. Garrett Wealth Advisory Group LLC increased its stake in shares of eBay by 3.8% in the 2nd quarter. Garrett Wealth Advisory Group LLC now owns 3,278 shares of the e-commerce company’s stock valued at $244,000 after purchasing an additional 119 shares in the last quarter. Groupe la Francaise raised its holdings in eBay by 8.2% in the 2nd quarter. Groupe la Francaise now owns 1,621 shares of the e-commerce company’s stock worth $121,000 after purchasing an additional 123 shares during the period. Hemington Wealth Management raised its stake in shares of eBay by 7.7% during the 2nd quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock worth $129,000 after buying an additional 124 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in eBay by 9.0% during the second quarter. Parkside Financial Bank & Trust now owns 1,666 shares of the e-commerce company’s stock worth $124,000 after acquiring an additional 137 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

About eBay

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.