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

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 value of $374,400.00.
• On Friday, October 4th, Jamie Iannone sold 5,625 shares of eBay stock. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25.

eBay Stock Down 0.7 %

eBay stock opened at $61.08 on Thursday. The company has a 50 day moving average of $63.12 and a 200-day moving average of $57.00. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $67.80. The stock has a market capitalization of $29.26 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.90 and a beta of 1.34.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Friday, November 29th. eBay’s payout ratio is presently 27.14%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Benchmark reissued a “buy” rating and set a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their target price on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Truist Financial lifted their price objective on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday. Stifel Nicolaus upped their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Robert W. Baird lowered their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.87.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay during the second quarter worth about $26,000. Tortoise Investment Management LLC lifted its stake in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares in the last quarter. LRI Investments LLC acquired a new position in eBay during the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC bought a new position in shares of eBay during the 2nd quarter worth approximately $29,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of eBay in the first quarter valued at approximately $30,000. Institutional investors and hedge funds 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.