eBay Inc. (NASDAQ:EBAY – Get Free Report) SVP Mazen Rawashdeh sold 1,919 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $108.51, for a total value of $208,230.69. Following the sale, the senior vice president owned 32,124 shares in the company, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mazen Rawashdeh also recently made the following trade(s):
- On Friday, May 22nd, Mazen Rawashdeh sold 50,000 shares of eBay stock. The shares were sold at an average price of $117.04, for a total value of $5,852,000.00.
eBay Stock Performance
Shares of NASDAQ:EBAY traded up $0.35 during midday trading on Thursday, reaching $108.24. 7,895,506 shares of the company traded hands, compared to its average volume of 5,426,219. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.36. eBay Inc. has a 12 month low of $72.84 and a 12 month high of $119.31. The firm has a market capitalization of $48.06 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. The firm’s fifty day moving average price is $107.25 and its two-hundred day moving average price is $95.06.
eBay Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, May 29th. eBay’s dividend payout ratio (DPR) is 28.12%.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on EBAY shares. Wall Street Zen raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Wedbush boosted their target price on eBay from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Daiwa Securities Group upped their target price on eBay from $90.00 to $114.00 in a research note on Monday, May 11th. Evercore set a $96.00 price target on eBay in a report on Thursday, April 30th. Finally, Citizens Jmp lifted their price target on eBay from $115.00 to $120.00 and gave the company a “market outperform” rating in a research report on Friday, May 1st. Thirteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $107.84.
Get Our Latest Research Report on eBay
Institutional Investors Weigh In On eBay
A number of large investors have recently added to or reduced their stakes in EBAY. Parallel Advisors LLC lifted its stake in eBay by 10.7% during the first quarter. Parallel Advisors LLC now owns 9,225 shares of the e-commerce company’s stock worth $840,000 after purchasing an additional 889 shares during the last quarter. Keel Point LLC bought a new position in shares of eBay during the 1st quarter valued at about $237,000. Summitry LLC purchased a new position in shares of eBay during the 1st quarter valued at about $246,000. BankChampaign National Association purchased a new position in shares of eBay during the 1st quarter valued at about $696,000. Finally, January Capital Advisors LLC bought a new stake in eBay in the 1st quarter worth approximately $368,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.
eBay Company Profile
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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