eBay Inc. (NASDAQ:EBAY) CEO Sells $999,634.64 in Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 12,644 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $79.06, for a total value of $999,634.64. Following the completion of the sale, the chief executive officer now owns 325,053 shares in the company, valued at approximately $25,698,690.18. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 Friday, May 2nd, Jamie Iannone sold 10,000 shares of eBay stock. The stock was sold at an average price of $67.96, for a total value of $679,600.00.
• On Thursday, April 3rd, Jamie Iannone sold 7,500 shares of eBay stock. The stock was sold at an average price of $66.35, for a total value of $497,625.00.

eBay Price Performance

Shares of EBAY opened at $77.36 on Friday. eBay Inc. has a twelve month low of $51.72 and a twelve month high of $79.84. The stock’s 50 day moving average is $70.22 and its two-hundred day moving average is $67.26. The firm has a market capitalization of $35.66 billion, a PE ratio of 19.44, a P/E/G ratio of 2.22 and a beta of 1.27. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, May 30th. eBay’s dividend payout ratio (DPR) is 27.62%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EBAY shares. BMO Capital Markets lifted their target price on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. lifted their target price on eBay from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Stifel Nicolaus lifted their target price on eBay from $61.00 to $62.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. TD Securities lifted their target price on eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Finally, Barclays lifted their target price on eBay from $72.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $67.73.

Institutional Investors Weigh In On eBay

Institutional investors have recently modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new stake in shares of eBay during the 1st quarter worth approximately $26,000. Golden State Wealth Management LLC purchased a new stake in shares of eBay during the 4th quarter worth approximately $27,000. Orion Capital Management LLC purchased a new stake in shares of eBay during the 4th quarter worth approximately $27,000. Abound Financial LLC purchased a new stake in shares of eBay during the 1st quarter worth approximately $29,000. Finally, Pinney & Scofield Inc. purchased a new stake in shares of eBay during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.