eBay (NASDAQ:EBAY) CEO Jamie Iannone Sells 11,110 Shares of Company Stock

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 11,110 shares of the stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $122.98, for a total value of $1,366,307.80. Following the sale, the chief executive officer owned 204,049 shares in the company, valued at $25,093,946.02. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Jamie Iannone sold 11,110 shares of eBay stock. The stock was sold at an average price of $107.08, for a total value of $1,189,658.80.
• On Tuesday, September 8th, Jamie Iannone sold 11,110 shares of eBay stock. The stock was sold at an average price of $102.35, for a total transaction of $1,137,108.50.

eBay Trading Down 0.8%

EBAY stock opened at $120.97 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. eBay Inc. has a twelve month low of $78.03 and a twelve month high of $127.74. The stock has a market capitalization of $53.11 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.99 and a beta of 1.30. The firm’s fifty day simple moving average is $112.86 and its two-hundred day simple moving average is $104.71.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 49.20%. The business’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $1.36 EPS. As a group, analysts anticipate that eBay Inc. will post 4.75 earnings per share for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay’s dividend payout ratio is 27.07%.

More eBay News

Here are the key news stories impacting eBay this week:

• Positive Sentiment: A Zacks article included eBay among non-tech Nasdaq stocks with improving earnings estimates and growth opportunities, offering a modestly positive investment signal. Zacks article
• Neutral Sentiment: CEO Jamie Iannone sold 11,110 shares for about $1.37 million, reducing his direct holding by 5.16%. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which makes it less clearly a signal about the company’s near-term outlook. SEC filing
• Negative Sentiment: The UK government is considering restricting under-16s’ access to online marketplaces including eBay, citing concerns about contact with strangers. If adopted, the measure could require age-verification changes and limit access to younger users; it remains under consideration, not a finalized ban. Sky News article

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EBAY. Texas Capital Bank Wealth Management Services Inc boosted its position in eBay by 4.6% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 75,798 shares of the e-commerce company’s stock valued at $8,038,000 after buying an additional 3,315 shares during the period. White Pine Capital LLC bought a new position in eBay in the 3rd quarter worth about $969,000. Allworth Financial LP increased its position in shares of eBay by 8.4% during the third quarter. Allworth Financial LP now owns 16,686 shares of the e-commerce company’s stock worth $1,865,000 after acquiring an additional 1,296 shares during the period. Legacy Trust increased its position in shares of eBay by 33.5% during the third quarter. Legacy Trust now owns 2,446 shares of the e-commerce company’s stock worth $259,000 after acquiring an additional 614 shares during the period. Finally, Werba Rubin Papier Wealth Management purchased a new position in shares of eBay during the third quarter worth approximately $255,000. 87.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. BTIG Research assumed coverage on shares of eBay in a research note on Thursday, October 29th. They issued a “buy” rating for the company. Jefferies Financial Group cut their target price on eBay from $80.00 to $75.00 and set an “underperform” rating on the stock in a research note on Monday, September 21st. UBS Group upgraded eBay from a “neutral” rating to a “buy” rating in a report on Thursday, October 29th. JPMorgan Chase & Co. increased their price target on eBay from $107.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Finally, Rosenblatt Securities raised their price target on eBay from $132.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $123.52.

eBay Company Profile

eBay Inc operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts.

Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace.

eBay serves customers and businesses in markets around the world.