Insider Selling: eBay Inc. (EBAY) SVP Sells $1,117,212.00 in Stock
eBay Inc. (NASDAQ:EBAY) SVP Raymond J. Pittman sold 31,400 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $35.58, for a total transaction of $1,117,212.00. Following the completion of the sale, the senior vice president now owns 74,334 shares in the company, valued at $2,644,803.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of eBay Inc. (EBAY) opened at $35.94 on Friday. eBay Inc. has a 52-week low of $27.28 and a 52-week high of $39.28. The firm has a market cap of $37,541.88, a P/E ratio of 22.46, a PEG ratio of 2.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.46 and a quick ratio of 2.46.
eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, October 18th. The e-commerce company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.37 billion. eBay had a net margin of 80.45% and a return on equity of 15.69%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 EPS. research analysts expect that eBay Inc. will post 1.65 earnings per share for the current fiscal year.
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Several brokerages recently commented on EBAY. Guggenheim began coverage on shares of eBay in a report on Friday, October 20th. They set a “neutral” rating on the stock. Benchmark Co. reiterated a “buy” rating and set a $45.00 price target on shares of eBay in a report on Thursday, October 19th. SunTrust Banks, Inc. began coverage on shares of eBay in a report on Tuesday, August 15th. They set a “hold” rating and a $38.00 price target on the stock. Morgan Stanley set a $34.00 price target on shares of eBay and gave the company a “sell” rating in a report on Thursday, October 19th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of eBay in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.45.
Several hedge funds and other institutional investors have recently bought and sold shares of EBAY. Captrust Financial Advisors bought a new position in shares of eBay during the 2nd quarter worth approximately $108,000. BB&T Investment Services Inc. bought a new position in shares of eBay during the 2nd quarter worth approximately $119,000. Valeo Financial Advisors LLC bought a new position in shares of eBay during the 3rd quarter worth approximately $122,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of eBay during the 2nd quarter worth approximately $123,000. Finally, Westside Investment Management Inc. raised its stake in shares of eBay by 1.7% during the 2nd quarter. Westside Investment Management Inc. now owns 3,627 shares of the e-commerce company’s stock worth $127,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.
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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