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

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, December 4th, Jamie Iannone sold 5,625 shares of eBay stock. The stock was sold at an average price of $63.21, for a total transaction 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 value of $336,993.75.

eBay Stock Performance

NASDAQ:EBAY opened at $69.40 on Thursday. The stock has a market capitalization of $33.24 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $71.52. The firm has a 50 day moving average of $62.84 and a 200-day moving average of $60.42.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EBAY. Morgan Stanley lifted their price target on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Truist Financial lifted their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Benchmark reaffirmed a “buy” rating and issued a $65.00 price objective on shares of eBay in a research note on Tuesday, October 29th. Finally, Citigroup increased their target price on shares of eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Two investment 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. Based on data from MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $62.92.

Institutional Trading of eBay

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new position in eBay during the 3rd quarter worth about $36,000. USA Financial Formulas bought a new stake in shares of eBay during the third quarter valued at approximately $38,000. Northwest Investment Counselors LLC acquired a new stake in shares of eBay in the third quarter valued at approximately $50,000. Versant Capital Management Inc raised its position in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its holdings in eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after buying an additional 621 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.