eBay Inc. (NASDAQ:EBAY – Get Free Report) SVP Jordan Douglas Bradle Sweetnam sold 863 shares of eBay stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $109.17, for a total transaction of $94,213.71. Following the sale, the senior vice president directly owned 34,533 shares of the company’s stock, valued at $3,769,967.61. This trade represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jordan Douglas Bradle Sweetnam also recently made the following trade(s):
- On Monday, May 18th, Jordan Douglas Bradle Sweetnam sold 1,010 shares of eBay stock. The stock was sold at an average price of $115.61, for a total value of $116,766.10.
- On Wednesday, April 15th, Jordan Douglas Bradle Sweetnam sold 12,113 shares of eBay stock. The shares were sold at an average price of $100.36, for a total value of $1,215,660.68.
eBay Stock Performance
Shares of EBAY stock opened at $108.24 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.22 and a quick ratio of 1.22. eBay Inc. has a fifty-two week low of $72.84 and a fifty-two week high of $119.31. The stock’s 50-day moving average is $107.50 and its two-hundred day moving average is $95.24. The firm has a market cap of $48.06 billion, a P/E ratio of 24.54, a PEG ratio of 2.40 and a beta of 1.39.
eBay Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, May 29th. This represents a $1.24 annualized dividend and a dividend yield of 1.1%. eBay’s dividend payout ratio is 28.12%.
Analyst Upgrades and Downgrades
Several brokerages have commented on EBAY. Stifel Nicolaus set a $98.00 price target on eBay in a report on Thursday, April 30th. Citigroup boosted their price objective on shares of eBay from $114.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft set a $124.00 price objective on shares of eBay in a report on Monday, May 4th. BNP Paribas Exane lifted their target price on shares of eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Evercore set a $96.00 target price on shares of eBay in a research report on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $107.84.
Read Our Latest Stock Analysis on eBay
Institutional Trading of eBay
Hedge funds have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC lifted its stake in shares of eBay by 128.9% in the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 156 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of eBay in the 1st quarter worth approximately $26,000. Abound Financial LLC acquired a new stake in shares of eBay during the 4th quarter worth approximately $26,000. High Point Wealth Management LLC bought a new stake in shares of eBay during the fourth quarter valued at approximately $26,000. Finally, Jessup Wealth Management Inc acquired a new position in shares of eBay in the fourth quarter valued at $27,000. 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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