Jamie Iannone Sells 12,644 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY - Get Free Report) CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $79.06, for a total transaction of $999,634.64. Following the completion of the sale, the chief executive officer now directly owns 325,053 shares of the company's stock, valued at $25,698,690.18. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, May 5th, Jamie Iannone sold 10,000 shares of eBay stock. The shares were sold at an average price of $69.83, for a total value of $698,300.00.
• On Friday, May 2nd, Jamie Iannone sold 10,000 shares of eBay stock. The shares were sold at an average price of $67.96, for a total value of $679,600.00.
• On Thursday, April 3rd, Jamie Iannone sold 7,500 shares of eBay stock. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00.

eBay Price Performance

Shares of eBay stock traded down $0.31 on Thursday, reaching $77.57. The stock had a trading volume of 2,137,376 shares, compared to its average volume of 4,983,649. The business's 50 day moving average is $69.54 and its two-hundred day moving average is $67.09. The company has a market cap of $35.76 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27. eBay Inc. has a 1 year low of $51.72 and a 1 year high of $79.84. 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 (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 EPS. As a group, research analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, May 30th. eBay's dividend payout ratio is currently 27.62%.

Institutional Investors Weigh In On eBay

A number of large investors have recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. raised its holdings in shares of eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP raised its stake in shares of eBay by 4.6% during the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company's stock worth $791,714,000 after acquiring an additional 510,629 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of eBay by 8.0% in the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company's stock worth $571,736,000 after acquiring an additional 627,823 shares during the last quarter. Northern Trust Corp boosted its stake in shares of eBay by 4.4% in the 1st quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company's stock valued at $481,525,000 after purchasing an additional 300,216 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of eBay by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after purchasing an additional 245,624 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on EBAY. Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 12th. Truist Financial boosted their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Morgan Stanley raised their price objective on shares of eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI lifted their target price on shares of eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Finally, Daiwa Capital Markets upgraded shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $67.73.

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.