eBay Inc. (NASDAQ:EBAY – Get Free Report) SVP Mazen Rawashdeh sold 50,000 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the sale, the senior vice president directly owned 29,217 shares of the company’s stock, valued at $3,419,557.68. This represents a 63.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mazen Rawashdeh also recently made the following trade(s):
- On Tuesday, March 17th, Mazen Rawashdeh sold 23,167 shares of eBay stock. The stock was sold at an average price of $93.59, for a total transaction of $2,168,199.53.
eBay Stock Down 4.3%
Shares of EBAY stock traded down $4.95 during trading hours on Wednesday, hitting $110.36. 4,753,985 shares of the company were exchanged, compared to its average volume of 5,593,303. The business has a 50 day moving average of $101.92 and a two-hundred day moving average of $92.33. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.36. eBay Inc. has a 52 week low of $71.85 and a 52 week high of $119.31. The company has a market capitalization of $49.00 billion, a PE ratio of 25.03, a PEG ratio of 2.57 and a beta of 1.39.
eBay Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, May 29th. This represents a $1.24 annualized dividend and a yield of 1.1%. eBay’s dividend payout ratio is presently 28.12%.
eBay News Summary
Here are the key news stories impacting eBay this week:
- Positive Sentiment: Takeover speculation could still support the stock if a higher or more credible bid emerges, as GameStop’s Ryan Cohen has said he may pursue other options after eBay rejected his $56 billion offer. Wall Street awaits GameStop CEO Cohen’s next move after eBay rejected takeover bid
- Positive Sentiment: Wall Street coverage has highlighted eBay’s strong recent earnings and revenue growth, and some analysts still view the company as a steady compounder with improved profitability. Is eBay Stock A Compounding Engine?
- Neutral Sentiment: Brokerages continue to rate eBay as “Hold,” suggesting investors are waiting for clearer catalysts before bidding the shares meaningfully higher. eBay Inc. (NASDAQ:EBAY) Given Consensus Rating of “Hold” by Brokerages
- Negative Sentiment: Arete Research trimmed its price target on eBay to $111 from $113 and kept a neutral rating, signaling more limited upside from current levels. Arete adjusts price target on eBay to $111 from $113, maintains neutral rating
- Negative Sentiment: eBay SVP Mazen Rawashdeh sold 50,000 shares in a pre-arranged trading plan, a move that can add to investor caution even though it was disclosed and not necessarily a negative signal on fundamentals. SEC Form 4 filing
Wall Street Analyst Weigh In
Several research analysts recently commented on EBAY shares. Cantor Fitzgerald increased their target price on shares of eBay from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Robert W. Baird increased their target price on shares of eBay from $105.00 to $117.00 in a report on Thursday, April 30th. Truist Financial increased their target price on shares of eBay from $94.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Jefferies Financial Group increased their target price on shares of eBay from $60.00 to $65.00 in a report on Thursday, April 30th. Finally, Daiwa Securities Group increased their target price on shares of eBay from $90.00 to $114.00 in a report on Monday, May 11th. Thirteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.84.
Read Our Latest Analysis on eBay
Institutional Trading of eBay
Large investors have recently added to or reduced their stakes in the company. Summitry LLC bought a new stake in eBay in the first quarter valued at approximately $246,000. BankChampaign National Association acquired a new position in shares of eBay during the 1st quarter worth approximately $696,000. January Capital Advisors LLC acquired a new position in shares of eBay during the 1st quarter worth approximately $368,000. Arete Wealth Advisors LLC acquired a new position in shares of eBay during the 1st quarter worth approximately $1,053,000. Finally, Western Wealth Management LLC acquired a new position in shares of eBay during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 87.48% of the company’s stock.
About eBay
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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