eBay SVP Alan Lee Marks Sells 6,750 Shares (EBAY)
eBay (NASDAQ:EBAY) SVP Alan Lee Marks sold 6,750 shares of eBay stock on the open market in a transaction dated Friday, June 27th. The stock was sold at an average price of $49.78, for a total transaction of $336,015.00. Following the sale, the senior vice president now directly owns 81,523 shares of the company’s stock, valued at approximately $4,058,215. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on EBAY shares. Analysts at Barclays initiated coverage on shares of eBay in a research note on Thursday. They set an “equal weight” rating and a $54.00 price target on the stock. Separately, analysts at Benchmark Co. downgraded shares of eBay to a “hold” rating in a research note on Tuesday, June 24th. They now have a $51.00 price target on the stock, down previously from $60.00. Finally, analysts at Topeka Capital Markets cut their price target on shares of eBay from $60.00 to $54.00 in a research note on Tuesday, June 24th. They now have a “hold” rating on the stock. Sixteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $59.87.
Shares of eBay (NASDAQ:EBAY) traded down 0.04% on Monday, hitting $50.06. The stock had a trading volume of 10,610,639 shares. eBay has a 52 week low of $48.06 and a 52 week high of $59.70. The stock has a 50-day moving average of $50.29 and a 200-day moving average of $53.48. The company’s market cap is $63.443 billion.
eBay (NASDAQ:EBAY) last announced its earnings results on Tuesday, April 29th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.03. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter last year, the company posted $0.63 earnings per share. eBay’s revenue was up 13.7% compared to the same quarter last year. Analysts expect that eBay will post $2.99 EPS for the current fiscal year.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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