eBay Inc. (NASDAQ:EBAY) CEO Sells $961,196.88 in Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 12,644 shares of eBay stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total transaction of $961,196.88. Following the completion of the transaction, the chief executive officer directly owned 317,625 shares in the company, valued at approximately $24,145,852.50. The trade was a 3.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, July 2nd, Jamie Iannone sold 10,974 shares of eBay stock. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50.
• On Monday, June 9th, Jamie Iannone sold 12,644 shares of eBay stock. The stock was sold at an average price of $79.06, for a total transaction of $999,634.64.
• 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 transaction 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 transaction of $679,600.00.

eBay Stock Performance

EBAY opened at $76.34 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a fifty day moving average price of $73.53 and a 200 day moving average price of $68.56. eBay Inc. has a 1 year low of $52.15 and a 1 year high of $79.84. The stock has a market cap of $35.19 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.13 and a beta of 1.26.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the business posted $1.25 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several research analyst reports. UBS Group boosted their target price on shares of eBay from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. Sanford C. Bernstein downgraded shares of eBay from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Morgan Stanley boosted their target price on shares of eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Wedbush reissued a “neutral” rating and set a $72.00 target price on shares of eBay in a research report on Wednesday, June 11th. Finally, JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Thursday, May 1st. Two 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $67.85.

Hedge Funds Weigh In On eBay

Large investors have recently made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new stake in eBay in the 1st quarter worth $26,000. Orion Capital Management LLC purchased a new stake in eBay in the 4th quarter worth $27,000. Abound Financial LLC purchased a new stake in eBay in the 1st quarter worth $29,000. Pinney & Scofield Inc. purchased a new stake in eBay in the 4th quarter worth $31,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in eBay in the 4th quarter worth $33,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.