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 that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at $33,825,430.24. This trade represents a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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.
• 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 transaction of $336,993.75.

eBay Stock Performance

Shares of EBAY stock opened at $63.17 on Wednesday. The stock’s fifty day simple moving average is $62.70 and its 200-day simple moving average is $60.35. The company has a market capitalization of $30.26 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 2.20 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. eBay’s dividend payout ratio is 27.14%.

Institutional Trading of eBay

A number of hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after buying an additional 153 shares during the period. Optas LLC increased its stake in shares of eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after acquiring an additional 171 shares during the last quarter. Davis Investment Partners LLC raised its holdings in shares of eBay by 0.8% during the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after acquiring an additional 180 shares in the last quarter. Arvest Investments Inc. boosted its position in eBay by 1.2% during the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock valued at $990,000 after purchasing an additional 183 shares during the last quarter. Finally, Marco Investment Management LLC grew its stake in eBay by 2.0% in the third quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company’s stock valued at $673,000 after purchasing an additional 200 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on EBAY. Stifel Nicolaus raised their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. Wells Fargo & Company cut their target price on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Morgan Stanley upped their price objective on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target 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.