Insider Selling: eBay Inc. (NASDAQ:EBAY) CEO Sells 5,625 Shares of Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the transaction, the chief executive officer now owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, January 2nd, Jamie Iannone sold 5,625 shares of eBay stock. The stock was sold at an average price of $62.38, for a total value of $350,887.50.
• On Wednesday, December 4th, Jamie Iannone sold 5,625 shares of eBay stock. The stock was sold at an average price of $63.21, for a total value of $355,556.25.

eBay Stock Performance

NASDAQ EBAY opened at $67.83 on Friday. The stock has a 50-day moving average of $64.67 and a 200 day moving average of $62.22. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52. The stock has a market capitalization of $32.49 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.15 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

Hedge Funds Weigh In On eBay

Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in shares of eBay by 90.7% during the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after acquiring an additional 21,636 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after acquiring an additional 1,063 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after acquiring an additional 62,719 shares during the last quarter. Trustmark National Bank Trust Department acquired a new position in shares of eBay during the third quarter valued at approximately $1,307,000. Finally, Nordea Investment Management AB raised its holdings in shares of eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after acquiring an additional 335,035 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on EBAY shares. Deutsche Bank Aktiengesellschaft reduced their price objective on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Finally, Robert W. Baird lowered their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, eBay currently has an average rating of “Hold” and an average target price of $62.92.

About eBay

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.