eBay Inc. (NASDAQ:EBAY – Get Free Report) CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $109.59, for a total value of $1,217,544.90. Following the transaction, the chief executive officer owned 280,204 shares in the company, valued at $30,707,556.36. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jamie Iannone also recently made the following trade(s):
- On Monday, April 6th, Jamie Iannone sold 21,000 shares of eBay stock. The shares were sold at an average price of $97.37, for a total value of $2,044,770.00.
eBay Trading Up 0.2%
NASDAQ EBAY opened at $108.66 on Wednesday. The stock has a market capitalization of $48.25 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 2.41 and a beta of 1.39. The stock’s 50 day moving average price is $105.40 and its two-hundred day moving average price is $93.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.22 and a current ratio of 1.22. eBay Inc. has a 52 week low of $72.84 and a 52 week high of $119.31.
eBay Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a $0.31 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay’s payout ratio is presently 28.12%.
Key Headlines Impacting eBay
Here are the key news stories impacting eBay this week:
- Positive Sentiment: eBay launched Easy and Free Returns for parts and accessories, a move that could improve buyer confidence, support conversion, and strengthen the marketplace experience for sellers and shoppers. eBay launches Easy and Free Returns on parts and accessories
- Positive Sentiment: eBay also introduced a new global brand campaign, “Meanwhile on eBay Live,” which signals continued marketing investment to drive engagement and transaction volume across the platform. eBay launches new global brand campaign ‘Meanwhile on eBay Live’
- Neutral Sentiment: Analyst commentary continued to frame eBay as a potentially attractive long-term value and margin story, but this was largely reiteration rather than a fresh catalyst. eBay’s Developments In Focus Categories Will Likely Soar Gross Margin Value
- Neutral Sentiment: Another headline noted a significant increase in short interest, but the figures cited were effectively zero shares, so the data does not appear to meaningfully change the trading outlook. Short interest update
- Negative Sentiment: The biggest downside headline is the UK Competition and Markets Authority’s formal review of eBay’s $1.2 billion Depop acquisition, which raises the risk of delays, added conditions, or a blocked deal. UK competition watchdog launches probe into eBay’s purchase of Depop
- Negative Sentiment: Reports that CEO Jamie Iannone sold shares under a pre-arranged trading plan could weigh on sentiment, even though the transaction was not unusual or necessarily a bearish signal. eBay CEO Jamie Iannone stock sale
Analyst Ratings Changes
EBAY has been the topic of several research reports. Robert W. Baird boosted their target price on eBay from $105.00 to $117.00 in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on eBay from $87.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. UBS Group boosted their target price on eBay from $96.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Needham & Company LLC restated a “buy” rating and issued a $122.00 target price on shares of eBay in a research note on Thursday, April 30th. Finally, BNP Paribas Exane boosted their target price on eBay from $97.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Thirteen equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $107.84.
View Our Latest Report on EBAY
Institutional Investors Weigh In On eBay
Institutional investors and hedge funds have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its stake in shares of eBay by 4.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,931,042 shares of the e-commerce company’s stock worth $255,294,000 after purchasing an additional 113,553 shares in the last quarter. Allworth Financial LP increased its holdings in shares of eBay by 62.6% during the 4th quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock worth $2,013,000 after acquiring an additional 8,899 shares during the last quarter. North Dakota State Investment Board acquired a new position in shares of eBay during the 4th quarter worth approximately $1,809,000. Jain Global LLC acquired a new position in shares of eBay during the 3rd quarter worth approximately $8,220,000. Finally, Jag Capital Management LLC increased its holdings in shares of eBay by 2,181.0% during the 3rd quarter. Jag Capital Management LLC now owns 120,804 shares of the e-commerce company’s stock worth $10,987,000 after acquiring an additional 115,508 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.
About eBay
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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