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 on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares in the company, valued at $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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.
• On Monday, October 7th, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $66.56, for a total value of $374,400.00.
• On Friday, October 4th, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $66.09, for a total value of $371,756.25.

eBay Stock Performance

eBay stock opened at $63.62 on Friday. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $30.47 billion, a P/E ratio of 15.98, a PEG ratio of 1.65 and a beta of 1.35. The stock has a 50-day simple moving average of $63.55 and a 200 day simple moving average of $58.65.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, November 29th. eBay’s payout ratio is currently 27.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price target on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus increased their price target on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, TD Cowen increased their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, eBay has an average rating of “Hold” and a consensus price target of $62.87.

Hedge Funds Weigh In On eBay

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in eBay by 325.4% during the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after acquiring an additional 60,544 shares during the last quarter. Cetera Advisors LLC lifted its position in eBay by 106.7% during the first quarter. Cetera Advisors LLC now owns 13,777 shares of the e-commerce company’s stock worth $727,000 after acquiring an additional 7,112 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in eBay by 41.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 884 shares of the e-commerce company’s stock worth $47,000 after acquiring an additional 258 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the second quarter worth approximately $26,000. Finally, Park Avenue Securities LLC lifted its position in eBay by 7.5% during the second quarter. Park Avenue Securities LLC now owns 11,352 shares of the e-commerce company’s stock worth $610,000 after acquiring an additional 795 shares during the last quarter. 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.