eBay Inc. (NASDAQ:EBAY – Get Free Report) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 21,980,000 shares, a growth of 37.0% from the October 31st total of 16,040,000 shares. Currently, 4.3% of the shares of the company are sold short. Based on an average trading volume of 5,830,000 shares, the short-interest ratio is currently 3.8 days.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 4,891 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $43.63, for a total value of $213,394.33. Following the transaction, the senior vice president now owns 49,845 shares of the company’s stock, valued at $2,174,737.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On eBay

Institutional investors have recently modified their holdings of the stock. China Universal Asset Management Co. Ltd. boosted its stake in shares of eBay by 272.2% during the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 603 shares of the e-commerce company’s stock valued at $27,000 after buying an additional 441 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of eBay during the 1st quarter valued at $27,000. Union Savings Bank acquired a new stake in shares of eBay during the 2nd quarter valued at $28,000. Almanack Investment Partners LLC. acquired a new stake in shares of eBay during the 3rd quarter valued at $28,000. Finally, Stonebridge Capital Advisors LLC bought a new position in shares of eBay during the 4th quarter valued at $29,000. Institutional investors and hedge funds own 85.87% of the company’s stock.

eBay Trading Up 1.8 %

eBay stock traded up $0.72 during midday trading on Friday, reaching $41.73. The stock had a trading volume of 6,022,413 shares, compared to its average volume of 7,547,365. The firm’s fifty day simple moving average is $41.20 and its two-hundred day simple moving average is $43.41. eBay has a twelve month low of $37.17 and a twelve month high of $52.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.16 and a quick ratio of 2.16. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 2.12 and a beta of 1.31.

eBay (NASDAQ:EBAY – Get Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The e-commerce company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.03. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.51 billion. eBay had a net margin of 26.99% and a return on equity of 32.03%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Equities analysts anticipate that eBay will post 3.3 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, November 30th. eBay’s dividend payout ratio (DPR) is currently 19.76%.

Analyst Ratings Changes

A number of equities analysts have issued reports on EBAY shares. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Jefferies Financial Group dropped their price target on shares of eBay from $45.00 to $43.00 in a research note on Tuesday, October 10th. Morgan Stanley dropped their price target on shares of eBay from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 8th. Benchmark dropped their price target on shares of eBay from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, Truist Financial lowered their price objective on shares of eBay from $54.00 to $47.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $48.47.

Check Out Our Latest Research Report on eBay

About eBay (Get Free Report)

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, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.

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Original: MarketBeat News Feed: eBay Inc. (NASDAQ:EBAY) Short Interest Up 37.0% in November