eBay (NASDAQ:EBAY) Releases Earnings Results, Beats Expectations By $0.06 EPS

eBay (NASDAQ:EBAY) issued its quarterly earnings data on Wednesday. The e-commerce company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.06, FiscalAI reports. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.87 billion. eBay had a return on equity of 41.94% and a net margin of 20.37%.

eBay Stock Up 2.9%

eBay stock traded up $2.33 during mid-day trading on Wednesday, reaching $82.28. 8,203,888 shares of the company’s stock were exchanged, compared to its average volume of 4,833,491. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.06. eBay has a twelve month low of $58.71 and a twelve month high of $101.15. The company has a market cap of $37.19 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.92 and a beta of 1.38. The company has a fifty day moving average of $88.25 and a 200-day moving average of $89.41.

Analyst Ratings Changes

Several research analysts have weighed in on EBAY shares. Daiwa Securities Group lowered their target price on shares of eBay from $99.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Benchmark upped their price objective on shares of eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Barclays increased their price objective on shares of eBay from $92.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. TD Cowen reissued a “hold” rating on shares of eBay in a research report on Wednesday. Finally, Wedbush upped their price target on eBay from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $94.42.

Insider Buying and Selling

In related news, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of eBay stock in a transaction on Friday, January 30th. The stock was sold at an average price of $91.99, for a total value of $3,076,237.59. Following the completion of the transaction, the senior vice president directly owned 4,733 shares in the company, valued at approximately $435,388.67. This trade represents a 87.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,920 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $81.90, for a total value of $157,248.00. Following the transaction, the senior vice president directly owned 5,746 shares of the company’s stock, valued at $470,597.40. The trade was a 25.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 43,584 shares of company stock worth $3,918,282 over the last ninety days. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently made changes to their positions in EBAY. Jessup Wealth Management Inc acquired a new stake in eBay in the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC acquired a new position in eBay during the 3rd quarter worth approximately $28,000. 1248 Management LLC acquired a new position in eBay during the 4th quarter worth approximately $33,000. Prosperity Bancshares Inc purchased a new stake in shares of eBay in the 4th quarter valued at approximately $44,000. Finally, DV Equities LLC acquired a new stake in shares of eBay in the 4th quarter valued at $55,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Company Profile

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.