Jamie Iannone Sells 5,625 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, January 2nd, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $62.38, for a total value of $350,887.50.
• On Wednesday, December 4th, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $63.21, for a total value of $355,556.25.

eBay Trading Up 0.2 %

eBay stock opened at $67.50 on Friday. eBay Inc. has a 12-month low of $40.74 and a 12-month high of $71.52. The stock has a market capitalization of $32.33 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 2.15 and a beta of 1.35. The firm has a 50 day simple moving average of $64.60 and a 200-day simple moving average of $62.18. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

Hedge Funds Weigh In On eBay

Hedge funds have recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after buying an additional 153 shares in the last quarter. Smithfield Trust Co lifted its holdings in eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after acquiring an additional 153 shares during the last quarter. Cypress Wealth Services LLC boosted its position in shares of eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after purchasing an additional 157 shares in the last quarter. IFP Advisors Inc grew its stake in shares of eBay by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 163 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its stake in shares of eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after purchasing an additional 167 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Stifel Nicolaus increased their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Citigroup boosted their price objective on shares of eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $62.92.

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.