eBay Inc. (NASDAQ:EBAY) Short Interest Update

eBay Inc. (NASDAQ:EBAY) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 28,260,000 shares, a decrease of 7.7% from the August 31st total of 30,630,000 shares. Currently, 5.8% of the company’s stock are short sold. Based on an average trading volume of 4,740,000 shares, the days-to-cover ratio is currently 6.0 days.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Hedge Funds Weigh In On eBay

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after buying an additional 3,880,649 shares in the last quarter. Mirova US LLC boosted its stake in eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after buying an additional 189,505 shares during the period. Victory Capital Management Inc. grew its position in eBay by 12.5% during the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after buying an additional 838,969 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Performance

NASDAQ:EBAY traded up $0.72 during trading hours on Tuesday, reaching $65.83. The stock had a trading volume of 5,298,686 shares, compared to its average volume of 5,584,167. The stock has a market cap of $33.05 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. The stock has a 50 day simple moving average of $58.79 and a 200 day simple moving average of $54.64. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay has a 12-month low of $37.17 and a 12-month high of $66.10.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. On average, research analysts forecast that eBay will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Friday, August 30th. eBay’s payout ratio is 21.51%.

Analysts Set New Price Targets

A number of research firms recently weighed in on EBAY. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Wolfe Research assumed coverage on eBay in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Robert W. Baird lifted their target price on eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. assumed coverage on eBay in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price target for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $64.00 price objective (up from $58.00) on shares of eBay in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $57.29.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.