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

eBay Inc. (NASDAQ:EBAY – Get Free Report) CEO Jamie Iannone sold 11,110 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $122.98, for a total value of $1,366,307.80. Following the transaction, the chief executive officer owned 204,049 shares of the company’s stock, valued at $25,093,946.02. This trade represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $107.08, for a total value of $1,189,658.80.
  • On Tuesday, September 8th, Jamie Iannone sold 11,110 shares of eBay stock. The stock was sold at an average price of $102.35, for a total transaction of $1,137,108.50.

eBay Price Performance

Shares of EBAY stock traded down $0.29 during trading hours on Monday, reaching $121.67. 1,681,560 shares of the company were exchanged, compared to its average volume of 4,843,441. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $127.74. The stock’s fifty day moving average is $112.55 and its two-hundred day moving average is $104.57. The company has a market cap of $53.41 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 2.91 and a beta of 1.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.78.

eBay (NASDAQ:EBAY – Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 49.20%. eBay’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 EPS. Sell-side analysts forecast that eBay Inc. will post 4.75 earnings per share for the current fiscal year.

eBay Announces Dividend

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

eBay News Roundup

Here are the key news stories impacting eBay this week:

Hedge Funds Weigh In On eBay

Several hedge funds and other institutional investors have recently made changes to their positions in EBAY. BlackRock Inc. purchased a new stake in eBay during the second quarter worth approximately $4,406,897,000. Dimensional Fund Advisors LP increased its stake in eBay by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,901,415 shares of the e-commerce company’s stock valued at $446,042,000 after purchasing an additional 80,450 shares during the last quarter. Legal & General Group Plc purchased a new position in eBay in the second quarter valued at approximately $506,653,000. Amundi raised its holdings in eBay by 26.4% during the second quarter. Amundi now owns 4,014,323 shares of the e-commerce company’s stock worth $448,601,000 after purchasing an additional 838,057 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in eBay by 0.8% during the first quarter. Bank of America Corp DE now owns 3,722,253 shares of the e-commerce company’s stock worth $338,799,000 after purchasing an additional 30,761 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of research reports. BTIG Research initiated coverage on eBay in a report on Thursday, October 29th. They set a “buy” rating for the company. UBS Group upgraded eBay from a “neutral” rating to a “buy” rating in a research note on Thursday, October 29th. Robert W. Baird set a $135.00 price target on eBay in a research report on Thursday, October 29th. William Blair initiated coverage on eBay in a research report on Thursday, October 29th. They set a “market perform” rating for the company. Finally, Citigroup raised their price target on shares of eBay from $130.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Seventeen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus price target of $123.52.

Check Out Our Latest Stock Analysis on eBay

eBay Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for eBay (NASDAQ:EBAY)

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