Insider Selling: Mark Carges Sells 27,163 Shares of eBay Stock (EBAY)
eBay (NASDAQ:EBAY) SVP Mark Carges sold 27,163 shares of eBay stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $52.32, for a total value of $1,421,168.16. Following the transaction, the senior vice president now directly owns 77,983 shares of the company’s stock, valued at approximately $4,080,071. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
eBay (NASDAQ:EBAY) traded down 1.35% on Friday, hitting $51.635. The stock had a trading volume of 15,824,746 shares. 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 $52.37 and a 200-day moving average of $53.36. The company has a market cap of $66.867 billion and a price-to-earnings ratio of 24.92.
eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, analysts predict that eBay will post $2.70 earnings per share for the current fiscal year.
EBAY has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of eBay from $62.00 to $66.00 in a research note to investors on Friday, October 18th. Separately, analysts at Argus reiterated a “buy” rating on shares of eBay in a research note to investors on Friday, October 18th. They now have a $51.38 price target on the stock, down previously from $65.00. Finally, analysts at Raymond James raised their price target on shares of eBay from $60.00 to $64.00 in a research note to investors on Thursday, October 17th. They now have an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $82.95.
eBay Inc is a global technology company that enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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