eBay Inc. (NASDAQ:EBAY) CEO Sells $679,600.00 in Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $67.96, for a total transaction of $679,600.00. Following the transaction, the chief executive officer now directly owns 580,754 shares of the company’s stock, valued at $39,468,041.84. This trade represents a 1.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, May 5th, Jamie Iannone sold 10,000 shares of eBay stock. The stock was sold at an average price of $69.83, for a total value of $698,300.00.
• On Thursday, April 3rd, Jamie Iannone sold 7,500 shares of eBay stock. The shares were sold at an average price of $66.35, for a total value of $497,625.00.

eBay Price Performance

Shares of EBAY opened at $70.53 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $32.51 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.22 and a beta of 1.30. eBay Inc. has a 52 week low of $49.70 and a 52 week high of $71.61. The stock has a 50 day moving average of $66.20 and a 200-day moving average of $65.15.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business posted $1.25 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Friday, May 30th. eBay’s dividend payout ratio is presently 27.62%.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently modified their holdings of the company. Abound Financial LLC bought a new stake in eBay in the 1st quarter valued at about $29,000. Golden State Wealth Management LLC acquired a new position in shares of eBay during the fourth quarter worth approximately $27,000. Orion Capital Management LLC bought a new position in eBay in the 4th quarter worth approximately $27,000. Pinney & Scofield Inc. acquired a new stake in eBay in the 4th quarter valued at approximately $31,000. Finally, Itau Unibanco Holding S.A. bought a new stake in eBay during the 4th quarter valued at $33,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EBAY shares. Needham & Company LLC lifted their price objective on eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Cantor Fitzgerald lifted their price target on shares of eBay from $65.00 to $69.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Susquehanna increased their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday. JMP Securities restated a “market perform” rating on shares of eBay in a report on Thursday, May 1st. Finally, Sanford C. Bernstein downgraded eBay from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $70.00 to $65.00 in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus target price of $67.32.

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.