In yesterday’s Wall Street session, eBay Inc. (NASDAQ:EBAY) shares traded at $45.23, up 0.22% from the previous session.
EBAY stock price is now 12.60% away from the 50-day moving average and -4.18% away from the 200-day moving average. The market capitalization of the company currently stands at $24.43B.
With the price target of $44, MoffettNathanson recently initiated with Market Perform rating for eBay Inc. (NASDAQ: EBAY)., while ‘UBS’ rates the stock as ‘Neutral’.
In other news, Doerger Brian J., VP, Chief Accounting Officer sold 9,542 shares of the company’s stock on Nov 10. The stock was sold for $420,983 at an average price of $44.12. Upon completion of the transaction, the VP, Chief Accounting Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, VP, Chief Accounting Officer Doerger Brian J. sold 4,311 shares of the business’s stock. A total of $180,601 was realized by selling the stock at an average price of $41.89. This leaves the insider owning 9,542 shares of the company worth $0.43 million. Insiders disposed of 544,636 shares of company stock worth roughly $24.63 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EBAY stock. A new stake in eBay Inc. shares was purchased by VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $39,445,000. TWINBEECH CAPITAL LP invested $19,237,000 in shares of EBAY during the first quarter. In the first quarter, BAADER BANK AKTIENGESELLSCHAFT acquired a new stake in eBay Inc. valued at approximately $9,001,000. BRAHMAN CAPITAL CORP. acquired a new stake in EBAY for approximately $8,907,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in EBAY valued at around $8,038,000 in the second quarter. In total, there are 1,349 active investors with 90.00% ownership of the company’s stock.
On Wednesday morning eBay Inc. (NASDAQ: EBAY) stock kicked off with the opening price of $45.35. During the past 12 months, eBay Inc. has had a low of $35.92 and a high of $73.60. As of last week, the company has a debt-to-equity ratio of 1.59, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for EBAY is $40.22 and a two-hundred day moving average price translates $47.13 for the stock.
The latest earnings results from eBay Inc. (NASDAQ: EBAY) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at $0.99, beating analysts’ expectations of $0.89 by 0.1. This compares to -$0.03 EPS in the same period last year. The net profit margin was 0.40% and return on equity was 0.50% for EBAY. The company reported revenue of $2.38 billion for the quarter, compared to $2.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.84 percent. For the current quarter, analysts expect EBAY to generate $2.32B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/16/2022. Investors who held shares on 12/01/2022 were paid a $0.22 dividend. On an annualized basis, this represents a $0.88 dividend and a 1.95% percent yield. There was an ex-dividend date of 11/30/2022 for this dividend.
eBay Inc.(EBAY) Company Profile
eBay Inc. operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company’s Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks. The company was founded in 1995 and is headquartered in San Jose, California.