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

eBay Inc. (NASDAQ:EBAY - Get Free Report) CEO Jamie Iannone sold 12,644 shares of eBay stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total value of $961,196.88. Following the transaction, the chief executive officer directly owned 317,625 shares in the company, valued at approximately $24,145,852.50. This trade represents a 3.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, July 2nd, Jamie Iannone sold 10,974 shares of eBay stock. The stock was sold at an average price of $75.75, for a total transaction 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 value 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 value of $679,600.00.

eBay Trading Up 0.7%

eBay stock traded up $0.56 during trading on Friday, hitting $76.34. The company's stock had a trading volume of 2,162,941 shares, compared to its average volume of 5,047,638. The stock's fifty day moving average is $73.53 and its 200 day moving average is $68.56. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17. eBay Inc. has a 1-year low of $52.15 and a 1-year high of $79.84. The stock has a market capitalization of $35.19 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 2.13 and a beta of 1.26.

eBay (NASDAQ:EBAY - Get Free Report) last released its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.78% and a return on equity of 36.60%. The company's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.25 earnings per share. As a group, equities research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Friday, May 30th. eBay's dividend payout ratio (DPR) is presently 27.62%.

Analysts Set New Price Targets

EBAY has been the topic of several recent research reports. Susquehanna boosted their price objective on shares of eBay from $65.00 to $70.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. increased their price target on shares of eBay from $60.00 to $66.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Wells Fargo & Company raised their price objective on shares of eBay from $63.00 to $66.00 and gave the company an "equal weight" rating in a research report on Monday, June 30th. Citigroup dropped their target price on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Piper Sandler increased their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, eBay has an average rating of "Hold" and an average price target of $67.85.

Institutional Trading of eBay

Institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in eBay by 12.4% in the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the period. Independent Franchise Partners LLP raised its holdings in eBay by 4.6% in the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company's stock valued at $791,714,000 after acquiring an additional 510,629 shares in the last quarter. Invesco Ltd. grew its holdings in eBay by 8.0% during 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 in the last quarter. Northern Trust Corp grew its stake in eBay by 4.4% in the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company's stock worth $481,525,000 after purchasing an additional 300,216 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in eBay by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock worth $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.

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.