eBay Inc. (NASDAQ:EBAY – Get Free Report) SVP Mazen Rawashdeh sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the sale, the senior vice president owned 29,217 shares of the company’s stock, valued at approximately $3,419,557.68. This represents a 63.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mazen Rawashdeh also recently made the following trade(s):
- On Tuesday, March 17th, Mazen Rawashdeh sold 23,167 shares of eBay stock. The shares were sold at an average price of $93.59, for a total transaction of $2,168,199.53.
eBay Stock Performance
eBay stock traded down $4.95 during trading hours on Wednesday, hitting $110.36. The company had a trading volume of 4,753,985 shares, compared to its average volume of 5,593,303. The firm has a 50-day moving average of $101.92 and a 200 day moving average of $92.33. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $49.00 billion, a PE ratio of 25.03, a PEG ratio of 2.57 and a beta of 1.39. eBay Inc. has a one year low of $71.85 and a one year high of $119.31.
eBay Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 29th. eBay’s dividend payout ratio (DPR) is presently 28.12%.
Analyst Ratings Changes
Several analysts recently weighed in on EBAY shares. Stifel Nicolaus set a $98.00 price target on eBay in a report on Thursday, April 30th. Evercore set a $96.00 price target on eBay in a report on Thursday, April 30th. TD Cowen raised their price target on shares of eBay from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $124.00 price target on shares of eBay in a research report on Monday, May 4th. Finally, Daiwa Securities Group raised their price target on shares of eBay from $90.00 to $114.00 in a research report on Monday, May 11th. Thirteen equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.84.
Check Out Our Latest Stock Analysis on eBay
Key Stories Impacting eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Takeover speculation could still support the stock if a higher or more credible bid emerges, as GameStop’s Ryan Cohen has said he may pursue other options after eBay rejected his $56 billion offer. Wall Street awaits GameStop CEO Cohen’s next move after eBay rejected takeover bid
- Positive Sentiment: Wall Street coverage has highlighted eBay’s strong recent earnings and revenue growth, and some analysts still view the company as a steady compounder with improved profitability. Is eBay Stock A Compounding Engine?
- Neutral Sentiment: Brokerages continue to rate eBay as “Hold,” suggesting investors are waiting for clearer catalysts before bidding the shares meaningfully higher. eBay Inc. (NASDAQ:EBAY) Given Consensus Rating of “Hold” by Brokerages
- Negative Sentiment: Arete Research trimmed its price target on eBay to $111 from $113 and kept a neutral rating, signaling more limited upside from current levels. Arete adjusts price target on eBay to $111 from $113, maintains neutral rating
- Negative Sentiment: eBay SVP Mazen Rawashdeh sold 50,000 shares in a pre-arranged trading plan, a move that can add to investor caution even though it was disclosed and not necessarily a negative signal on fundamentals. SEC Form 4 filing
Hedge Funds Weigh In On eBay
A number of hedge funds have recently bought and sold shares of EBAY. Guggenheim Capital LLC increased its position in eBay by 7.4% during the second quarter. Guggenheim Capital LLC now owns 14,334 shares of the e-commerce company’s stock worth $1,067,000 after acquiring an additional 988 shares during the period. Jump Financial LLC acquired a new position in shares of eBay in the 2nd quarter valued at approximately $275,000. NewEdge Advisors LLC raised its position in shares of eBay by 70.4% in the 2nd quarter. NewEdge Advisors LLC now owns 108,572 shares of the e-commerce company’s stock valued at $8,084,000 after buying an additional 44,851 shares in the last quarter. Sei Investments Co. raised its position in shares of eBay by 48.7% in the 2nd quarter. Sei Investments Co. now owns 471,543 shares of the e-commerce company’s stock valued at $35,111,000 after buying an additional 154,465 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of eBay by 26.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 325,678 shares of the e-commerce company’s stock valued at $24,250,000 after buying an additional 67,731 shares in the last quarter. 87.48% of the stock is owned by institutional investors.
eBay Company Profile
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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