eBay Inc. (NASDAQ:EBAY – Get Free Report) SVP Mazen Rawashdeh sold 1,919 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total value of $208,230.69. Following the completion of the sale, the senior vice president directly owned 32,124 shares of the company’s stock, valued at $3,485,775.24. This trade represents a 5.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mazen Rawashdeh also recently made the following trade(s):
- On Friday, May 22nd, Mazen Rawashdeh sold 50,000 shares of eBay stock. The stock was sold at an average price of $117.04, for a total transaction of $5,852,000.00.
eBay Stock Up 0.3%
Shares of EBAY traded up $0.35 on Thursday, reaching $108.24. The company’s stock had a trading volume of 7,895,506 shares, compared to its average volume of 5,426,219. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36. eBay Inc. has a twelve month low of $72.84 and a twelve month high of $119.31. The stock has a market capitalization of $48.06 billion, a PE ratio of 24.54, a PEG ratio of 2.43 and a beta of 1.39. The firm has a fifty day moving average of $107.25 and a 200-day moving average of $95.06.
eBay Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay’s dividend payout ratio is 28.12%.
Institutional Investors Weigh In On eBay
Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its stake in eBay by 10.7% in the first quarter. Parallel Advisors LLC now owns 9,225 shares of the e-commerce company’s stock valued at $840,000 after purchasing an additional 889 shares during the last quarter. Keel Point LLC bought a new position in eBay during the first quarter worth about $237,000. Summitry LLC bought a new position in eBay during the first quarter worth about $246,000. BankChampaign National Association purchased a new position in shares of eBay in the first quarter worth about $696,000. Finally, January Capital Advisors LLC purchased a new position in shares of eBay in the first quarter worth about $368,000. Institutional investors own 87.48% of the company’s stock.
Analyst Upgrades and Downgrades
EBAY has been the topic of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $115.00 price objective (up from $105.00) on shares of eBay in a report on Thursday, April 30th. President Capital raised their price target on shares of eBay from $94.00 to $102.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Daiwa Securities Group boosted their price target on shares of eBay from $90.00 to $114.00 in a report on Monday, May 11th. Wedbush upped their price objective on shares of eBay from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Wall Street Zen upgraded shares of eBay from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $107.84.
View Our Latest Analysis on EBAY
About eBay
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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