Insider Selling: eBay Inc. (NASDAQ:EBAY) CEO Sells 5,625 Shares of Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, December 4th, Jamie Iannone sold 5,625 shares of eBay stock. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25.
• On Monday, November 4th, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75.

eBay Stock Performance

Shares of EBAY stock traded up $1.33 during trading hours on Monday, hitting $62.94. The company’s stock had a trading volume of 5,514,192 shares, compared to its average volume of 4,250,546. The company has a 50 day moving average of $62.70 and a 200 day moving average of $60.23. The stock has a market cap of $30.15 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Hedge Funds Weigh In On eBay

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EBAY. Quarry LP purchased a new position in eBay during the third quarter worth about $36,000. USA Financial Formulas purchased a new position in eBay during the third quarter worth about $38,000. Northwest Investment Counselors LLC purchased a new position in eBay during the third quarter worth about $50,000. Versant Capital Management Inc raised its stake in eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the period. Finally, Financial Management Professionals Inc. raised its stake in eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 621 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on EBAY. Bank of America reduced their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Mizuho lifted their price target on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. UBS Group dropped their price objective on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Piper Sandler boosted their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $62.92.

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.