Insider Selling: eBay (NASDAQ:EBAY) CEO Sells $1,366,307.80 in Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction 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 transaction, the chief executive officer owned 204,049 shares in the company, valued at $25,093,946.02. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 transaction of $1,137,108.50.

eBay Stock Down 0.7%

NASDAQ:EBAY opened at $122.68 on Thursday. The company’s 50-day simple moving average is $113.61 and its 200-day simple moving average is $105.00. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 0.78. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $127.74. The stock has a market capitalization of $53.86 billion, a P/E ratio of 25.36, a P/E/G ratio of 2.93 and a beta of 1.30.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.41 by $0.10. eBay had a net margin of 16.84% and a return on equity of 49.20%. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the previous year, the business posted $1.36 EPS. eBay’s revenue was up 13.7% on a year-over-year basis. On average, equities analysts anticipate that eBay Inc. will post 4.79 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay’s payout ratio is currently 27.07%.

eBay News Roundup

These are some of the EBAY news items that stood out recently:

• Neutral Sentiment: eBay’s SEMA car-collection launch adds a promotional angle in the auto category, but the coverage frames it as a valuation question rather than demonstrating a material financial contribution. Is eBay (EBAY) Undervalued After Its SEMA Car Collection Launch?
• Neutral Sentiment: Reports that eBay appears to block Meta’s Muse and other AI agents raise questions about access to its marketplace. This could help eBay control automated activity, but may also limit third-party AI interactions. eBay appears to block Meta’s Muse and other AI agents
• Neutral Sentiment: CEO Jamie Iannone sold shares under a pre-arranged Rule 10b5-1 plan; the scheduled nature of the sale makes it a limited signal about management’s outlook. eBay CEO stock sale

Hedge Funds Weigh In On eBay

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in eBay during the 2nd quarter worth approximately $4,406,897,000. Legal & General Group Plc purchased a new stake in shares of eBay in the 2nd quarter valued at $506,653,000. Bank of America Corp DE acquired a new stake in shares of eBay in the second quarter worth $405,182,000. Bank of New York Mellon Corp acquired a new stake in shares of eBay in the second quarter worth $282,479,000. Finally, Nykredit A S acquired a new stake in shares of eBay in the second quarter worth $256,983,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EBAY. William Blair began coverage on eBay in a report on Thursday, October 29th. They set a “market perform” rating for the company. Arete Research dropped their target price on eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, September 24th. Cantor Fitzgerald dropped their target price on eBay from $110.00 to $106.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. BTIG Research started coverage on eBay in a research report on Thursday, October 29th. They set a “buy” rating on the stock. Finally, Rosenblatt Securities increased their price target on eBay from $132.00 to $137.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Seventeen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $123.52.

About eBay

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.