eBay (NASDAQ:EBAY) Stock: Insider Jamie Iannone Sells 11,110 Shares

eBay Inc. (NASDAQ:EBAY – Get Free Report) CEO Jamie Iannone sold 11,110 shares of the stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $122.98, for a total value of $1,366,307.80. Following the completion of the sale, the chief executive officer directly owned 204,049 shares of the company’s stock, valued at $25,093,946.02. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, October 5th, Jamie Iannone sold 11,110 shares of eBay stock. The stock was sold at an average price of $107.08, for a total transaction of $1,189,658.80.
  • On Tuesday, September 8th, Jamie Iannone sold 11,110 shares of eBay stock. The shares were sold at an average price of $102.35, for a total value of $1,137,108.50.

eBay Stock Performance

NASDAQ:EBAY traded down $0.29 during midday trading on Monday, reaching $121.67. The stock had a trading volume of 1,681,560 shares, compared to its average volume of 4,843,441. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. The stock has a market cap of $53.41 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.91 and a beta of 1.29. The firm has a fifty day simple moving average of $112.55 and a two-hundred day simple moving average of $104.57. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $127.74.

eBay (NASDAQ:EBAY – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. eBay had a return on equity of 49.20% and a net margin of 16.84%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the prior year, the business posted $1.36 earnings per share. eBay’s revenue was up 13.7% compared to the same quarter last year. On average, equities analysts expect that eBay Inc. will post 4.75 EPS for the current year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 dividend on an annualized basis and a yield of 1.0%. eBay’s dividend payout ratio is presently 27.07%.

Institutional Investors Weigh In On eBay

A number of institutional investors have recently modified their holdings of EBAY. John Boyer Inc. acquired a new stake in shares of eBay during the 3rd quarter worth approximately $26,000. Compass Financial Management LLC bought a new position in eBay during the 2nd quarter worth $28,000. Cedar Mountain Advisors LLC grew its stake in eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after buying an additional 156 shares during the last quarter. Field & Main Bank bought a new stake in eBay in the second quarter valued at $31,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in eBay in the first quarter valued at $26,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EBAY shares. Citigroup upped their target price on shares of eBay from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, October 30th. Susquehanna lifted their price target on eBay from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, October 30th. BMO Capital Markets reiterated an “outperform” rating on shares of eBay in a report on Thursday, October 29th. Truist Financial raised their target price on shares of eBay from $115.00 to $133.00 and gave the stock a “hold” rating in a research report on Thursday, October 29th. Finally, UBS Group upgraded shares of eBay from a “neutral” rating to a “buy” rating in a report on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $123.52.

Check Out Our Latest Analysis on eBay

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eBay Company Profile

(Get Free Report)

eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.

Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.

eBay serves customers and businesses in markets around the world.

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