eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone Sells 5,625 Shares

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at $33,825,430.24. This represents a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $355,556.25.
• On Monday, November 4th, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $59.91, for a total value of $336,993.75.

eBay Stock Performance

EBAY opened at $62.94 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $62.70 and a 200 day simple moving average of $60.29. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $67.80. The company has a market capitalization of $30.15 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. eBay’s payout ratio is presently 27.14%.

Analysts Set New Price Targets

Several research firms have commented on EBAY. Stifel Nicolaus boosted their target price on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Robert W. Baird cut their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Truist Financial lifted their price target on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Citigroup increased their price objective on shares of eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.92.

Hedge Funds Weigh In On eBay

A number of hedge funds have recently bought and sold shares of the business. Quarry LP bought a new position in shares of eBay during the third quarter worth approximately $36,000. USA Financial Formulas acquired a new stake in eBay during the third quarter worth approximately $38,000. Northwest Investment Counselors LLC bought a new position in eBay during the 3rd quarter worth $50,000. Versant Capital Management Inc raised its holdings in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its position in shares of eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after acquiring an additional 621 shares during the period. 87.48% of the stock is owned by 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.