eBay Inc. (NASDAQ:EBAY – Get Free Report) CEO Jamie Iannone sold 11,110 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $109.59, for a total value of $1,217,544.90. Following the sale, the chief executive officer owned 280,204 shares of the company’s stock, valued at approximately $30,707,556.36. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jamie Iannone also recently made the following trade(s):
- On Monday, April 6th, Jamie Iannone sold 21,000 shares of eBay stock. The stock was sold at an average price of $97.37, for a total value of $2,044,770.00.
eBay Stock Performance
Shares of eBay stock opened at $106.41 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average price of $105.77 and a two-hundred day moving average price of $94.11. eBay Inc. has a 1-year low of $72.84 and a 1-year high of $119.31. The company has a market cap of $47.25 billion, a P/E ratio of 24.13, a PEG ratio of 2.42 and a beta of 1.39.
eBay Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 29th. eBay’s dividend payout ratio is 28.12%.
Institutional Investors Weigh In On eBay
Several institutional investors have recently bought and sold shares of EBAY. Cedar Mountain Advisors LLC grew its holdings in eBay by 128.9% during the first quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock worth $25,000 after buying an additional 156 shares in the last quarter. High Point Wealth Management LLC bought a new position in shares of eBay during the 4th quarter worth approximately $26,000. Abound Financial LLC bought a new position in shares of eBay during the 4th quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC bought a new position in shares of eBay during the 1st quarter worth approximately $26,000. Finally, Jessup Wealth Management Inc bought a new position in shares of eBay during the 4th quarter worth approximately $27,000. Institutional investors own 87.48% of the company’s stock.
Key Headlines Impacting eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Recent coverage points to improving investor sentiment around eBay’s valuation and momentum, with the stock up strongly over the past 90 days and year-to-date trends showing renewed confidence in the business. Weighing eBay’s Valuation As Narrative And DCF Signals Diverge After Recent Momentum
- Positive Sentiment: eBay launched Easy and Free Returns on parts and accessories, which could support conversion rates and buyer trust on its marketplace. eBay launches Easy and Free Returns on parts and accessories
- Positive Sentiment: eBay also rolled out a new global brand campaign, “Meanwhile on eBay Live,” which may help engagement and marketplace activity. eBay launches new global brand campaign ‘Meanwhile on eBay Live’
- Neutral Sentiment: News that eBay’s CEO sold shares under a pre-arranged trading plan may slightly weigh on sentiment, but it does not necessarily indicate a negative change in the company’s outlook. eBay (NASDAQ:EBAY) CEO Jamie Iannone Sells 11,110 Shares
- Neutral Sentiment: Analyst and commentary pieces continue to frame eBay as a quality consumer marketplace with ongoing long-term appeal, but these stories are not immediate catalysts. eBay’s Developments In Focus Categories Will Likely Soar Gross Margin Value
- Negative Sentiment: The UK Competition and Markets Authority is formally scrutinizing eBay’s bid for Depop, increasing the risk of delays, extra conditions, or a potential blocked deal. UK competition watchdog launches probe into eBay’s purchase of Depop
Analyst Ratings Changes
A number of equities analysts have recently issued reports on EBAY shares. BNP Paribas Exane increased their price objective on shares of eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Arete Research cut their price objective on shares of eBay from $113.00 to $111.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 26th. Cantor Fitzgerald increased their price objective on shares of eBay from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. The Goldman Sachs Group increased their price objective on shares of eBay from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Bank of America increased their price objective on shares of eBay from $102.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Thirteen equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $107.84.
View Our Latest Stock Report on eBay
About eBay
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
Further Reading
- Five stocks we like better than eBay
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.
