Insider Selling: Alan Lee Marks Sells 4,000 Shares of eBay Stock (EBAY)
eBay (NASDAQ:EBAY) SVP Alan Lee Marks unloaded 4,000 shares of eBay stock on the open market in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $55.01, for a total transaction of $220,040.00. Following the completion of the transaction, the senior vice president now directly owns 67,200 shares in the company, valued at approximately $3,696,672. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on EBAY. Analysts at Susquehanna reiterated a “positive” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Tuesday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of eBay (NASDAQ:EBAY) in a research note to investors on Friday. Finally, analysts at SunTrust cut their price target on shares of eBay (NASDAQ:EBAY) from $63.00 to $59.00 in a research note to investors on Friday, September 6th.
Nine investment analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $62.17.
eBay (NASDAQ:EBAY) traded up 0.75% on Tuesday, hitting $55.17. 6,652,661 shares of the company’s stock traded hands. eBay has a one year low of $45.66 and a one year high of $58.04. The stock has a 50-day moving average of $52.86 and a 200-day moving average of $53.37. The company has a market cap of $71.419 billion and a price-to-earnings ratio of 26.98.
eBay (NASDAQ:EBAY) last released its earnings data on Wednesday, July 17th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Analysts expect that eBay will post $2.71 EPS for the current fiscal year.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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