eBay Inc. (NASDAQ:EBAY – Get Free Report) CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Jamie Iannone also recently made the following trade(s):
- On Wednesday, December 4th, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $63.21, for a total value of $355,556.25.
- On Monday, November 4th, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75.
eBay Price Performance
Shares of NASDAQ EBAY opened at $69.40 on Thursday. eBay Inc. has a twelve month low of $40.16 and a twelve month high of $71.52. 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 firm has a 50-day moving average of $62.84 and a two-hundred day moving average of $60.42. The company has a market capitalization of $33.24 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 2.20 and a beta of 1.35.
eBay Dividend Announcement
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on EBAY shares. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and cut their target price for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Morgan Stanley increased their target price on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Truist Financial upped their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. Finally, Piper Sandler raised their price target on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus target price of $62.92.
View Our Latest Report on eBay
Institutional Investors Weigh In On eBay
Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Wellington Management Group LLP purchased a new stake in shares of eBay in the third quarter valued at $105,506,000. Altshuler Shaham Ltd purchased a new position in shares of eBay during the second quarter valued at $71,593,000. LSV Asset Management grew its holdings in shares of eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after buying an additional 1,216,885 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in eBay during the second quarter valued at $49,924,000. Institutional investors and hedge funds own 87.48% of the company’s stock.
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.
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