Key Points
- eBay CEO Jamie Iannone sold 11,110 shares for about $1.37 million, a 5.16% reduction in his holdings; the sale was made under a pre-arranged Rule 10b5-1 trading plan.
- eBay beat quarterly expectations, reporting earnings of $1.51 per share versus $1.41 forecast and revenue of $3.21 billion, up 13.7% year over year.
- Analyst views were mixed: 17 rated the stock Buy, 16 Hold and two Sell, resulting in an overall consensus rating of Hold and an average price target of $123.52.
eBay Inc. (NASDAQ:EBAY - Get Free Report) CEO Jamie Iannone sold 11,110 shares of the company's stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $122.98, for a total value of $1,366,307.80. Following the completion of the sale, the chief executive officer owned 204,049 shares of the company's stock, valued at $25,093,946.02. This represents a 5.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 shares were sold at an average price of $102.35, for a total value of $1,137,108.50.
eBay Stock Performance
EBAY stock opened at $120.97 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.78. The business has a 50-day moving average price of $112.86 and a 200 day moving average price of $104.71. The company has a market capitalization of $53.11 billion, a P/E ratio of 26.41, a PEG ratio of 2.99 and a beta of 1.30. eBay Inc. has a 1-year low of $78.03 and a 1-year high of $127.74.
eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.10. eBay had a net margin of 16.84% and a return on equity of 49.20%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, equities research analysts forecast that eBay Inc. will post 4.75 EPS for the current fiscal year.
eBay Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a $0.31 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.24 annualized dividend and a dividend yield of 1.0%. eBay's payout ratio is currently 27.07%.
eBay News Summary
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
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on EBAY shares. Jefferies Financial Group dropped their price objective on shares of eBay from $80.00 to $75.00 and set an "underperform" rating on the stock in a research note on Monday, September 21st. Piper Sandler reissued an "overweight" rating and set a $140.00 price objective on shares of eBay in a report on Thursday, October 29th. Cantor Fitzgerald dropped their target price on eBay from $110.00 to $106.00 and set a "neutral" rating on the stock in a research report on Thursday, August 6th. Wedbush lifted their price target on eBay from $137.00 to $153.00 and gave the company an "outperform" rating in a report on Thursday, October 29th. Finally, Citigroup boosted their price target on eBay from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, October 30th. Seventeen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, eBay presently has an average rating of "Hold" and a consensus target price of $123.52.
Read Our Latest Stock Report on EBAY
Institutional Trading of eBay
A number of institutional investors have recently modified their holdings of the company. Columbus Macro LLC boosted its holdings in eBay by 2.5% during the third quarter. Columbus Macro LLC now owns 3,838 shares of the e-commerce company's stock worth $407,000 after buying an additional 93 shares during the last quarter. Conning Inc. grew its position in shares of eBay by 5.3% during the 3rd quarter. Conning Inc. now owns 2,083 shares of the e-commerce company's stock worth $221,000 after buying an additional 104 shares during the period. MGO One Seven LLC increased its stake in shares of eBay by 1.3% in the 3rd quarter. MGO One Seven LLC now owns 8,532 shares of the e-commerce company's stock valued at $905,000 after acquiring an additional 109 shares during the last quarter. Spire Wealth Management increased its stake in shares of eBay by 29.7% in the 2nd quarter. Spire Wealth Management now owns 489 shares of the e-commerce company's stock valued at $55,000 after acquiring an additional 112 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of eBay by 4.6% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company's stock valued at $312,000 after acquiring an additional 125 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.
eBay Company Profile
(
Get Free Report)
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.
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