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 firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now owns 530,998 shares of the company’s stock, valued at approximately $35,709,615.50. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, January 2nd, Jamie Iannone sold 5,625 shares of eBay stock. The stock was 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 shares were sold at an average price of $63.21, for a total value of $355,556.25.

eBay Stock Performance

NASDAQ:EBAY opened at $67.50 on Friday. The firm’s 50-day moving average is $64.60 and its 200-day moving average is $62.18. The company has a market cap of $32.33 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.15 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EBAY shares. TD Cowen upped their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Benchmark reiterated a “buy” rating and issued a $65.00 price objective on shares of eBay in a research note on Tuesday, October 29th. Piper Sandler lifted their target price on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Morgan Stanley boosted their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $62.92.

Hedge Funds Weigh In On eBay

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of eBay in the 4th quarter valued at $27,000. Quarry LP bought a new position in shares of eBay during the 3rd quarter worth approximately $36,000. USA Financial Formulas acquired a new stake in eBay in the 3rd quarter valued at $38,000. New Wave Wealth Advisors LLC acquired a new position in eBay during the fourth quarter worth $36,000. Finally, Northwest Investment Counselors LLC acquired a new position in eBay during the third quarter worth $50,000. 87.48% of the stock is currently owned by institutional investors.

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.