Insider Selling: eBay (NASDAQ:EBAY) CEO Sells 7,221 Shares of Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 7,221 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $81.08, for a total transaction of $585,478.68. Following the sale, the chief executive officer directly owned 235,781 shares of the company’s stock, valued at approximately $19,117,123.48. This trade represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, October 6th, Jamie Iannone sold 7,221 shares of eBay stock. The shares were sold at an average price of $91.76, for a total value of $662,598.96.
• On Thursday, September 4th, Jamie Iannone sold 7,221 shares of eBay stock. The stock was sold at an average price of $92.33, for a total transaction of $666,714.93.

eBay Stock Up 3.6%

eBay stock traded up $2.95 during midday trading on Friday, hitting $83.80. 5,570,538 shares of the stock were exchanged, compared to its average volume of 5,697,107. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $37.88 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The business’s 50-day moving average price is $90.87 and its 200-day moving average price is $83.19. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 29th. The e-commerce company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.03. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. eBay had a return on equity of 41.45% and a net margin of 20.37%.The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. eBay has set its FY 2025 guidance at 4.090-4.140 EPS. Q4 2025 guidance at 1.310-1.360 EPS. On average, research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, November 28th. eBay’s dividend payout ratio is presently 25.22%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EBAY. JMP Securities raised shares of eBay from a “market perform” rating to a “market outperform” rating and set a $115.00 price objective on the stock in a research report on Friday, October 24th. Mizuho initiated coverage on eBay in a research note on Monday, September 29th. They set a “neutral” rating and a $98.00 price target for the company. Piper Sandler reaffirmed an “overweight” rating and set a $102.00 price target (up previously from $95.00) on shares of eBay in a report on Thursday, October 30th. Needham & Company LLC boosted their price target on eBay from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Robert W. Baird upped their price target on shares of eBay from $89.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus price target of $94.52.

Hedge Funds Weigh In On eBay

Several institutional investors and hedge funds have recently bought and sold shares of the company. Financial Consulate Inc. purchased a new position in shares of eBay in the 3rd quarter valued at approximately $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of eBay in the third quarter valued at about $28,000. Princeton Global Asset Management LLC boosted its position in shares of eBay by 433.9% during the 2nd quarter. Princeton Global Asset Management LLC now owns 331 shares of the e-commerce company’s stock worth $25,000 after purchasing an additional 269 shares during the period. Salomon & Ludwin LLC acquired a new position in eBay during the third quarter worth $32,000. Finally, Wealth Preservation Advisors LLC purchased a new position in shares of eBay during the first quarter worth $26,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Company Profile

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.