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

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at $33,575,066.07. The trade was a 1.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 transaction of $336,993.75.
• On Monday, October 7th, Jamie Iannone sold 5,625 shares of eBay stock. The stock was sold at an average price of $66.56, for a total transaction 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 Price Performance

Shares of eBay stock opened at $63.62 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average of $63.55 and a 200 day moving average of $58.65. The company has a market cap of $30.47 billion, a PE ratio of 15.98, a P/E/G ratio of 1.65 and a beta of 1.35. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.70%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Institutional Investors Weigh In On eBay

Several hedge funds have recently made changes to their positions in EBAY. Private Advisor Group LLC grew its position in shares of eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after buying an additional 21,636 shares during the period. Cetera Investment Advisers raised its stake in shares of eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after purchasing an additional 60,544 shares during the last quarter. PGGM Investments raised its position in eBay by 88.0% in the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after buying an additional 28,604 shares during the last quarter. Prospera Financial Services Inc lifted its stake in eBay by 794.2% during the 3rd 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 period. Finally, Trustmark National Bank Trust Department purchased a new stake in shares of eBay during the 3rd quarter valued at about $1,307,000. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Daiwa America raised eBay to a “hold” rating in a research note on Wednesday, August 14th. Wells Fargo & Company decreased their price target on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Mizuho upped their price objective on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 target price on shares of eBay in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.87.

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.