eBay (NASDAQ:EBAY) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPS

eBay (NASDAQ:EBAY) issued its quarterly earnings data on Wednesday. The e-commerce company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.18), Zacks reports. eBay had a return on equity of 30.97% and a net margin of 19.68%.

eBay Price Performance

Shares of EBAY stock traded down $1.79 during mid-day trading on Wednesday, reaching $69.14. The company’s stock had a trading volume of 8,333,525 shares, compared to its average volume of 4,996,051. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50-day moving average is $66.14 and its two-hundred day moving average is $63.63. eBay has a 1-year low of $44.05 and a 1-year high of $71.60. The company has a market cap of $33.12 billion, a P/E ratio of 17.37, a PEG ratio of 2.22 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EBAY shares. UBS Group lifted their price objective on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research note on Monday. JMP Securities reissued a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Bank of America decreased their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wedbush started coverage on shares of eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, eBay presently has an average rating of “Hold” and a consensus price target of $63.38.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares of the company’s stock, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,746,065 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

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.