eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone Sells 12,644 Shares

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 sale, the chief executive officer now directly owns 325,053 shares of the company’s stock, valued at approximately $25,698,690.18. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 transaction 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 transaction 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 transaction of $497,625.00.

eBay Stock Down 1.1%

EBAY stock opened at $77.88 on Thursday. eBay Inc. has a 1-year low of $51.72 and a 1-year high of $79.84. The stock has a market cap of $35.90 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth 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. The company’s 50 day moving average is $69.54 and its 200 day moving average is $67.09.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the company posted $1.25 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Sell-side analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.49%. eBay’s payout ratio is 27.62%.

Analyst Ratings Changes

Several equities analysts recently commented on EBAY shares. Cfra Research upgraded eBay to a “moderate buy” rating in a research note on Thursday, June 5th. Daiwa America upgraded eBay from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 12th. Evercore ISI increased their price target on eBay from $63.00 to $69.00 and gave the stock an “in-line” rating in a research note on Thursday, May 1st. Cantor Fitzgerald lifted their price objective on eBay from $65.00 to $69.00 and gave the stock a “neutral” rating in a report on Thursday, May 1st. Finally, Susquehanna boosted their price objective on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.73.

Institutional Investors Weigh In On eBay

Several hedge funds have recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. raised its holdings in shares of eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP grew its position in eBay by 4.6% during the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock valued at $791,714,000 after acquiring an additional 510,629 shares during the last quarter. Invesco Ltd. grew its position in eBay by 8.0% during the first quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock valued at $571,736,000 after acquiring an additional 627,823 shares during the last quarter. Northern Trust Corp raised its stake in shares of eBay by 4.4% during the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock worth $481,525,000 after acquiring an additional 300,216 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of eBay by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company’s stock worth $435,665,000 after acquiring an additional 245,624 shares during the last quarter. 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.