eBay Inc. (NASDAQ:EBAY) CEO Sells $999,634.64 in Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 12,644 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $79.06, for a total value of $999,634.64. Following the sale, the chief executive officer now directly owns 325,053 shares in the company, valued at $25,698,690.18. This trade represents a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jamie Iannone also recently made the following trade(s):

• On Monday, May 5th, Jamie Iannone sold 10,000 shares of eBay stock. The stock was sold at an average price of $69.83, for a total value of $698,300.00.
• On Friday, May 2nd, Jamie Iannone sold 10,000 shares of eBay stock. The stock was sold at an average price of $67.96, for a total value of $679,600.00.
• On Thursday, April 3rd, Jamie Iannone sold 7,500 shares of eBay stock. The stock was sold at an average price of $66.35, for a total value of $497,625.00.

eBay Trading Down 0.1%

EBAY stock opened at $77.36 on Friday. The company has a market cap of $35.66 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.22 and a beta of 1.27. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $70.22 and a 200-day simple moving average of $67.26. eBay Inc. has a 52 week low of $51.72 and a 52 week high of $79.84.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. On average, equities research analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. eBay’s payout ratio is 27.62%.

Institutional Trading of eBay

A number of institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its position in eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares during the period. Independent Franchise Partners LLP boosted its position in eBay by 4.6% during the 1st quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock worth $791,714,000 after purchasing an additional 510,629 shares during the period. Invesco Ltd. boosted its position in eBay by 8.0% during the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock worth $571,736,000 after purchasing an additional 627,823 shares during the period. Northern Trust Corp boosted its position in eBay by 4.4% during the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after purchasing an additional 300,216 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in eBay by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company’s stock worth $435,665,000 after purchasing an additional 245,624 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EBAY. Truist Financial lifted their price objective on eBay from $62.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Wells Fargo & Company lifted their price objective on eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 1st. Wall Street Zen upgraded eBay from a “hold” rating to a “buy” rating in a research report on Saturday, April 26th. Cantor Fitzgerald lifted their price objective on eBay from $65.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective on eBay from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.73.

eBay Company Profile

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.