eBay Inc. (NASDAQ:EBAY) CEO Sells $698,300.00 in Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 10,000 shares of the business’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $69.83, for a total value of $698,300.00. Following the transaction, the chief executive officer now directly owns 570,754 shares of the company’s stock, valued at approximately $39,855,751.82. This represents a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 Up 0.1 %

eBay stock opened at $70.40 on Wednesday. The firm has a market capitalization of $32.81 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $49.59 and a fifty-two week high of $71.61. The stock’s fifty day moving average is $65.99 and its two-hundred day moving average is $65.08.

eBay (NASDAQ:EBAY) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm posted $1.25 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, May 30th. eBay’s dividend payout ratio (DPR) is presently 27.62%.

Hedge Funds Weigh In On eBay

A number of institutional investors have recently made changes to their positions in EBAY. Wilmington Savings Fund Society FSB purchased a new stake in eBay during the 3rd quarter worth about $241,000. Franklin Resources Inc. grew its holdings in shares of eBay by 14.5% during the third quarter. Franklin Resources Inc. now owns 784,378 shares of the e-commerce company’s stock worth $52,459,000 after buying an additional 99,561 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of eBay by 1.7% during the third quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock worth $38,686,000 after buying an additional 9,990 shares in the last quarter. Versant Capital Management Inc raised its position in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after buying an additional 335,035 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EBAY. Robert W. Baird raised their price objective on shares of eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Morgan Stanley boosted their price objective on eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Bank of America lowered their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, February 27th. Stifel Nicolaus lifted their target price on shares of eBay from $61.00 to $62.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Finally, Susquehanna increased their price target on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, eBay has an average rating of “Hold” and an average target price of $67.32.

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.