Insider Selling: eBay Inc. (NASDAQ:EBAY) CEO Sells 7,500 Shares of Stock

eBay Inc. (NASDAQ:EBAY - Get Free Report) CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares in the company, valued at approximately $39,153,665.80. The trade was a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, February 3rd, Jamie Iannone sold 5,625 shares of eBay stock. The shares were sold at an average price of $67.25, for a total value of $378,281.25.

eBay Stock Up 3.4 %

Shares of EBAY traded up $2.11 during mid-day trading on Friday, reaching $64.58. The company had a trading volume of 5,545,795 shares, compared to its average volume of 4,952,542. 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 company has a market capitalization of $30.09 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The firm has a 50-day moving average price of $66.50 and a 200 day moving average price of $64.92. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61.

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eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.80%. This is an increase from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay's payout ratio is 29.07%.

Analysts Set New Price Targets

Several brokerages have weighed in on EBAY. JMP Securities reiterated a "market perform" rating on shares of eBay in a research report on Monday, December 16th. JPMorgan Chase & Co. lowered their price target on shares of eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday. BMO Capital Markets increased their price target on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Benchmark boosted their price objective on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their price objective on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $65.21.

Hedge Funds Weigh In On eBay

Several institutional investors and hedge funds have recently modified their holdings of EBAY. Gateway Investment Advisers LLC grew its position in eBay by 9.9% during the 1st quarter. Gateway Investment Advisers LLC now owns 4,519 shares of the e-commerce company's stock valued at $306,000 after purchasing an additional 407 shares during the last quarter. Procyon Advisors LLC purchased a new stake in shares of eBay during the first quarter valued at approximately $1,039,000. Hudson Capital Management LLC grew its holdings in shares of eBay by 0.9% during the first quarter. Hudson Capital Management LLC now owns 77,394 shares of the e-commerce company's stock valued at $5,242,000 after buying an additional 671 shares during the last quarter. Generali Investments Management Co LLC increased its position in shares of eBay by 253.7% during the first quarter. Generali Investments Management Co LLC now owns 39,406 shares of the e-commerce company's stock valued at $2,669,000 after acquiring an additional 28,264 shares in the last quarter. Finally, Vest Financial LLC purchased a new position in eBay in the 1st quarter worth approximately $44,310,000. 87.48% of the stock is currently owned by institutional investors.

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.