eBay Insider Sells $2,366,020 in Stock (EBAY)
eBay (NASDAQ:EBAY) Insider Devin Wenig unloaded 44,449 shares of eBay stock on the open market in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $53.23, for a total transaction of $2,366,020.27. Following the completion of the sale, the insider now directly owns 156,580 shares in the company, valued at approximately $8,334,753. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
eBay (NASDAQ:EBAY) traded down 0.03% on Thursday, hitting $52.71. The stock had a trading volume of 9,047,478 shares. eBay has a one year low of $45.66 and a one year high of $58.04. The stock’s 50-day moving average is $53.88 and its 200-day moving average is $53.35. The company has a market cap of $68.238 billion and a P/E ratio of 25.11.
eBay (NASDAQ:EBAY) last released its earnings data on Wednesday, October 16th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.55 earnings per share. eBay’s revenue was up 14.3% compared to the same quarter last year. On average, analysts predict that eBay will post $2.70 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on EBAY shares. 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 investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average 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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