Insider Selling: eBay Inc. (NASDAQ:EBAY) CEO Sells $378,281.25 in Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. This trade represents a 1.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, January 2nd, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $62.38, for a total value of $350,887.50.
• 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 value of $355,556.25.

eBay Price Performance

NASDAQ:EBAY opened at $67.83 on Friday. The firm has a market capitalization of $32.49 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.15 and a beta of 1.35. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52. The business has a 50 day simple moving average of $64.67 and a 200-day simple moving average of $62.22. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

Institutional Investors Weigh In On eBay

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in shares of eBay in the fourth quarter worth approximately $27,000. Quarry LP purchased a new stake in shares of eBay in the third quarter worth approximately $36,000. USA Financial Formulas purchased a new stake in shares of eBay in the third quarter worth approximately $38,000. New Wave Wealth Advisors LLC purchased a new stake in shares of eBay in the fourth quarter worth approximately $36,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of eBay in the third quarter worth approximately $50,000. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EBAY. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Bank of America reduced their price target on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Piper Sandler upped their price target on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price target on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.92.

eBay Company Profile

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.