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

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now directly owns 559,291 shares of the company’s stock, valued at $36,963,542.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, October 7th, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $66.56, for a total transaction of $374,400.00.

eBay Stock Down 0.3 %

Shares of NASDAQ EBAY opened at $66.95 on Thursday. The firm has a market cap of $33.61 billion, a PE ratio of 13.34, a P/E/G ratio of 2.45 and a beta of 1.32. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $67.65. The company’s fifty day simple moving average is $60.24 and its 200 day simple moving average is $55.25. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. As a group, sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio (DPR) is 21.51%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EBAY. CenterBook Partners LP lifted its stake in shares of eBay by 23.5% in the fourth quarter. CenterBook Partners LP now owns 13,134 shares of the e-commerce company’s stock valued at $573,000 after buying an additional 2,499 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its stake in shares of eBay by 3.2% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 46,256 shares of the e-commerce company’s stock valued at $2,018,000 after buying an additional 1,423 shares in the last quarter. Symmetry Investments LP bought a new position in shares of eBay in the fourth quarter valued at $2,766,000. Bridgewater Associates LP lifted its stake in shares of eBay by 8.9% in the fourth quarter. Bridgewater Associates LP now owns 712,342 shares of the e-commerce company’s stock valued at $31,072,000 after buying an additional 58,023 shares in the last quarter. Finally, Redwood Investment Management LLC bought a new position in shares of eBay in the fourth quarter valued at $4,659,000. 87.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Susquehanna boosted their target price on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley boosted their target price on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Piper Sandler restated an “overweight” rating and issued a $64.00 target price (up from $58.00) on shares of eBay in a research report on Thursday, August 1st. Finally, Evercore ISI boosted their target price on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $57.67.

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.