eBay Inc. (NASDAQ:EBAY) CEO Sells $350,887.50 in Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, December 4th, Jamie Iannone sold 5,625 shares of eBay stock. The stock was sold at an average price of $63.21, for a total value of $355,556.25.
• On Monday, November 4th, Jamie Iannone sold 5,625 shares of eBay stock. The stock was sold at an average price of $59.91, for a total value of $336,993.75.

eBay Trading Up 2.2 %

Shares of EBAY stock traded up $1.33 during trading hours on Monday, reaching $62.94. The company’s stock had a trading volume of 5,514,192 shares, compared to its average volume of 4,250,546. The stock has a market capitalization of $30.15 billion, a P/E ratio of 15.81, a P/E/G ratio of 2.20 and a beta of 1.35. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. The firm’s fifty day simple moving average is $62.70 and its 200 day simple moving average is $60.23. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. eBay’s dividend payout ratio is currently 27.14%.

Analysts Set New Price Targets

A number of research firms recently commented on EBAY. Wedbush began coverage on eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective on the stock. Truist Financial boosted their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Benchmark reissued a “buy” rating and issued a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. Morgan Stanley upped their target price on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $62.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EBAY. Foundations Investment Advisors LLC purchased a new position in shares of eBay in the 2nd quarter valued at approximately $236,000. TD Asset Management Inc lifted its holdings in shares of eBay by 1.4% during the second quarter. TD Asset Management Inc now owns 555,710 shares of the e-commerce company’s stock valued at $29,853,000 after purchasing an additional 7,912 shares in the last quarter. National Bank of Canada FI boosted its position in shares of eBay by 20.3% during the second quarter. National Bank of Canada FI now owns 151,043 shares of the e-commerce company’s stock valued at $7,956,000 after buying an additional 25,480 shares during the last quarter. Private Advisor Group LLC increased its holdings in eBay by 14.3% in the 2nd quarter. Private Advisor Group LLC now owns 23,864 shares of the e-commerce company’s stock worth $1,282,000 after buying an additional 2,978 shares in the last quarter. Finally, Candriam S.C.A. raised its position in eBay by 35.3% in the 2nd quarter. Candriam S.C.A. now owns 348,328 shares of the e-commerce company’s stock worth $18,711,000 after buying an additional 90,836 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.