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 eBay stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $76.02, for a total transaction of $961,196.88. Following the completion of the transaction, the chief executive officer owned 317,625 shares in the company, valued at approximately $24,145,852.50. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, July 2nd, Jamie Iannone sold 10,974 shares of eBay stock. The shares were sold at an average price of $75.75, for a total value of $831,280.50.
• On Monday, June 9th, Jamie Iannone sold 12,644 shares of eBay stock. The shares were sold at an average price of $79.06, for a total value of $999,634.64.
• 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 transaction of $698,300.00.
• On Friday, May 2nd, Jamie Iannone sold 10,000 shares of eBay stock. The stock was sold at an average price of $67.96, for a total transaction of $679,600.00.

eBay Trading Up 0.3%

Shares of eBay stock traded up $0.26 during trading hours on Thursday, reaching $76.04. 2,158,685 shares of the company's stock were exchanged, compared to its average volume of 5,029,271. The firm has a market capitalization of $35.05 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.13 and a beta of 1.26. The company has a fifty day moving average of $73.18 and a 200-day moving average of $68.36. eBay Inc. has a 52-week low of $52.14 and a 52-week high of $79.84. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm posted $1.25 EPS. The business's revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, May 30th. eBay's payout ratio is currently 27.62%.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently made changes to their positions in the business. Michael S. Ryan Inc. increased its holdings in eBay by 13.9% in the 2nd quarter. Michael S. Ryan Inc. now owns 4,593 shares of the e-commerce company's stock valued at $342,000 after purchasing an additional 561 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new stake in shares of eBay during the 1st quarter valued at about $1,326,000. Swedbank AB raised its holdings in shares of eBay by 0.3% during the 1st quarter. Swedbank AB now owns 1,525,380 shares of the e-commerce company's stock valued at $103,314,000 after buying an additional 3,957 shares during the period. Voya Investment Management LLC lifted its position in eBay by 1.3% during the 1st quarter. Voya Investment Management LLC now owns 151,601 shares of the e-commerce company's stock worth $10,268,000 after acquiring an additional 1,896 shares in the last quarter. Finally, Fruth Investment Management purchased a new position in eBay in the 1st quarter worth approximately $208,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Analyst Ratings Changes

EBAY has been the subject of several analyst reports. Evercore ISI increased their price target on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a report on Thursday, May 1st. Barclays raised their price target on eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Cantor Fitzgerald upped their price objective on eBay from $65.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Sanford C. Bernstein downgraded eBay from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $70.00 to $65.00 in a report on Tuesday, April 22nd. Finally, Citigroup cut their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating for the company in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of "Hold" and an average price target of $67.85.

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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