eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone Sells 5,625 Shares

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

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

Shares of NASDAQ EBAY opened at $67.39 on Thursday. eBay Inc. has a 1 year low of $40.74 and a 1 year high of $71.52. The stock has a market capitalization of $32.28 billion, a P/E ratio of 16.93, a P/E/G ratio of 2.15 and a beta of 1.35. The company’s 50-day moving average is $64.54 and its 200 day moving average is $62.14. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of research reports. Robert W. Baird decreased their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Bank of America cut their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company lifted their target price on shares of eBay from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Benchmark restated a “buy” rating and set a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of eBay in the 4th quarter valued at approximately $27,000. Quarry LP bought a new position in eBay in the third quarter worth $36,000. USA Financial Formulas purchased a new position in eBay during the third quarter valued at $38,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay during the 4th quarter valued at $36,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of eBay in the 3rd quarter worth about $50,000. 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.