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EBay Inc. (EBAY) Stock Could Soon Reward Patient Investors

EBay Inc. (NASDAQ: EBAY) is 18.89% higher on its value in year-to-date trading and has touched a low of $37.17 and a high of $52.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EBAY stock was last observed hovering at around $52.27 in the last trading session, with the day’s loss setting it -0.41%.

Currently trading at $51.86, the stock is 0.91% and 11.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.45 million and changing -0.78% at the moment leaves the stock 18.19% off its SMA200. EBAY registered 18.11% gain for a year compared to 6-month gain of 17.62%. The firm has a 50-day simple moving average (SMA 50) of $2.58 and a 200-day simple moving average (SMA200) of $5.96.

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The stock witnessed a 7.93% loss in the last 1 month and extending the period to 3 months gives it a 18.89%, and is 1.23% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.56% over the week and 1.86% over the month.

EBay Inc. (EBAY) has around 12300 employees, a market worth around $26.86B and $10.06B in sales. Current P/E ratio is 9.95 and Fwd P/E is 10.36. Profit margin for the company is 27.52%. Distance from 52-week low is 39.52% and -2.02% from its 52-week high. The company has generated returns on investments over the last 12 months (20.11%).

EBay Inc. quarterly earnings per share for the current quarter are estimated at $1.2 with sales reaching $2.53B over the same period.The EPS is expected to grow by 10.06% this year, but quarterly earnings will post 1.70% year-over-year. Quarterly sales are estimated to grow 0.80% in year-over-year returns.

EBay Inc. (EBAY) Top Institutional Holders

1,340 institutions hold shares in EBay Inc. (EBAY), with institutional investors hold 92.75% of the company’s shares. The shares outstanding are 517.00M, and float is at 516.41M with Short Float at 3.74%. Institutions hold 92.49% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 60.85 million shares valued at $2.72 billion. The investor’s holdings represent 11.43% of the EBAY Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 49.69 million shares valued at $2.22 billion to account for 9.34% of the shares outstanding. The other top investors are State Street Corporation which holds 23.22 million shares representing 4.36% and valued at over $1.04 billion, while Geode Capital Management, LLC holds 2.21% of the shares totaling 11.76 million with a market value of $525.34 million.

EBay Inc. (EBAY) Insider Activity

The most recent transaction is an insider sale by SPENCER REBECCA,the company’sVP, Chief Accounting Officer. SEC filings show that SPENCER REBECCA sold 2,278 shares of the company’s common stock on Mar 01 ’24 at a price of $47.20 per share for a total of $0.11 million. Following the sale, the insider now owns 3815.0 shares.

EBay Inc. disclosed in a document filed with the SEC on Feb 20 ’24 that Garcia Edward O (SVP, Chief Product Officer) sold a total of 1,165 shares of the company’s common stock. The trade occurred on Feb 20 ’24 and was made at $43.03 per share for $50130.0. Following the transaction, the insider now directly holds 31888.0 shares of the EBAY stock.

Still, SEC filings show that on Dec 19 ’23, Boone Cornelius (SVP, Chief People Officer) disposed off 4,930 shares at an average price of $42.66 for $0.21 million. The insider now directly holds 49,897 shares of EBay Inc. (EBAY).

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