eBay Inc. (NASDAQ:EBAY – Get Free Report) SVP Jordan Douglas Bradle Sweetnam sold 1,010 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $115.61, for a total value of $116,766.10. Following the completion of the transaction, the senior vice president directly owned 32,146 shares in the company, valued at $3,716,399.06. The trade was a 3.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jordan Douglas Bradle Sweetnam also recently made the following trade(s):
- On Wednesday, April 15th, Jordan Douglas Bradle Sweetnam sold 12,113 shares of eBay stock. The stock was sold at an average price of $100.36, for a total value of $1,215,660.68.
- On Wednesday, March 18th, Jordan Douglas Bradle Sweetnam sold 12,978 shares of eBay stock. The stock was sold at an average price of $92.44, for a total value of $1,199,686.32.
- On Wednesday, February 18th, Jordan Douglas Bradle Sweetnam sold 1,009 shares of eBay stock. The stock was sold at an average price of $79.87, for a total value of $80,588.83.
eBay Stock Performance
Shares of NASDAQ EBAY opened at $114.24 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average is $99.02 and its two-hundred day moving average is $90.90. The company has a market cap of $50.72 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.55 and a beta of 1.39. eBay Inc. has a 12 month low of $71.00 and a 12 month high of $116.83.
eBay Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, May 29th. eBay’s payout ratio is currently 28.12%.
Institutional Trading of eBay
Institutional investors and hedge funds have recently modified their holdings of the company. Allianz Asset Management GmbH lifted its holdings in eBay by 10.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,459,405 shares of the e-commerce company’s stock valued at $223,683,000 after purchasing an additional 242,168 shares during the last quarter. Independent Advisor Alliance lifted its holdings in eBay by 407.8% during the 3rd quarter. Independent Advisor Alliance now owns 26,469 shares of the e-commerce company’s stock valued at $2,407,000 after purchasing an additional 21,257 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in eBay by 30.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 181,787 shares of the e-commerce company’s stock valued at $16,534,000 after purchasing an additional 42,048 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in eBay by 4.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,931,042 shares of the e-commerce company’s stock valued at $255,294,000 after purchasing an additional 113,553 shares during the last quarter. Finally, Northstar Advisory Group LLC lifted its holdings in eBay by 31.6% during the 3rd quarter. Northstar Advisory Group LLC now owns 59,129 shares of the e-commerce company’s stock valued at $5,378,000 after purchasing an additional 14,204 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on EBAY shares. Barclays lifted their price target on eBay from $104.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Benchmark lifted their price target on eBay from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Stifel Nicolaus set a $98.00 price objective on eBay in a research report on Thursday, April 30th. Truist Financial boosted their price objective on eBay from $94.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, Citigroup boosted their price objective on eBay from $114.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Fourteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $107.58.
Read Our Latest 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.
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