eBay (NASDAQ:EBAY) Stock: Insider Jamie Iannone Sells 11,110 Shares

eBay Inc. (NASDAQ:EBAY) CEO Jamie Iannone sold 11,110 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 204,049 shares in the company, valued at approximately $25,093,946.02. This represents a 5.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction 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 value of $1,137,108.50.

eBay Price Performance

EBAY opened at $123.52 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.16. The business has a fifty day moving average of $113.26 and a 200 day moving average of $104.85. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $127.74. The stock has a market cap of $54.23 billion, a P/E ratio of 24.84, a PEG ratio of 2.86 and a beta of 1.30.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.12 billion. eBay had a net margin of 16.84% and a return on equity of 49.20%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. As a group, sell-side analysts anticipate that eBay Inc. will post 4.79 EPS for the current year.

eBay Dividend Announcement

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 paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $1.24 annualized dividend and a yield of 1.0%. eBay’s dividend payout ratio is 27.07%.

Key Stories Impacting eBay

Here are the key news stories impacting eBay this week:

• Positive Sentiment: eBay’s third-quarter earnings call highlighted broad growth and strong momentum, adding to the company’s recent earnings beat and year-over-year revenue growth. This reinforces the positive operating picture investors have been weighing. TipRanks article
• Positive Sentiment: A Zacks article named eBay among non-tech Nasdaq stocks with improving earnings estimates and growth opportunities, providing a modestly favorable analyst signal. Zacks article
• Neutral Sentiment: CEO Jamie Iannone sold 11,110 shares for about $1.37 million, but the sale was made under a pre-arranged Rule 10b5-1 plan. That makes it a less direct signal about his outlook; he retained 204,049 shares. SEC filing
• Neutral Sentiment: Reports say eBay appears to be blocking Meta’s Muse and other AI agents. The potential effect on platform access, traffic, and security is not clear from the available report. NewsBytes article
• Negative Sentiment: The UK is considering tighter rules affecting access to online marketplaces such as eBay. If enacted, restrictions could create compliance costs or limit access for younger users, though the proposal is not described as finalized. Digital Trends article

Hedge Funds Weigh In On eBay

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC raised its holdings in shares of eBay by 70.5% in the third quarter. Private Advisor Group LLC now owns 21,422 shares of the e-commerce company’s stock worth $2,272,000 after buying an additional 8,856 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of eBay during the third quarter valued at $1,426,000. Trustmark Bank Trust Department grew its holdings in shares of eBay by 3.2% during the third quarter. Trustmark Bank Trust Department now owns 23,824 shares of the e-commerce company’s stock valued at $2,527,000 after buying an additional 734 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of eBay by 19.6% during the third quarter. Global Retirement Partners LLC now owns 10,987 shares of the e-commerce company’s stock valued at $1,165,000 after buying an additional 1,797 shares during the last quarter. Finally, Banco Santander S.A. increased its position in shares of eBay by 31.6% in the 3rd quarter. Banco Santander S.A. now owns 71,396 shares of the e-commerce company’s stock valued at $7,572,000 after acquiring an additional 17,149 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EBAY has been the subject of several research reports. Argus upped their target price on eBay from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Wedbush raised their target price on shares of eBay from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. JPMorgan Chase & Co. lifted their price target on shares of eBay from $107.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, October 29th. Benchmark upped their price target on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings lowered eBay from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, October 28th. Seventeen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, eBay currently has an average rating of “Hold” and a consensus 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.