eBay Inc. (NASDAQ:EBAY) CEO Sells $371,756.25 in Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, October 7th, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $66.56, for a total transaction of $374,400.00.

eBay Stock Performance

Shares of eBay stock opened at $66.05 on Friday. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $67.72. The firm’s 50-day moving average is $60.47 and its 200 day moving average is $55.33. The stock has a market cap of $33.16 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 2.45 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Sell-side analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.64%. eBay’s dividend payout ratio is presently 21.51%.

Institutional Trading of eBay

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Ameriprise Financial Inc. increased its holdings in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares during the last quarter. M&G Plc bought a new position in eBay in the first quarter worth approximately $97,557,000. Swedbank AB purchased a new position in shares of eBay during the 1st quarter worth $73,777,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of eBay during the 2nd quarter valued at $71,593,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several analyst reports. StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup increased their target price on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird boosted their price objective on eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Bank of America raised their target price on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, eBay currently has an average rating of “Hold” and an average target price of $57.67.

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.