eBay CTO Sells $1,968,345 in Stock (EBAY)
eBay (NASDAQ:EBAY) CTO Mark T. Carges unloaded 37,421 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $52.60, for a total transaction of $1,968,344.60. Following the completion of the sale, the chief technology officer now directly owns 78,131 shares of the company’s stock, valued at approximately $4,109,691. The transaction was disclosed in a document filed with the SEC, which is available at this link.
eBay (NASDAQ:EBAY) traded up 1.08% on Thursday, hitting $53.23. The stock had a trading volume of 16,257,635 shares. eBay has a 52-week low of $48.06 and a 52-week high of $59.70. The stock’s 50-day moving average is $50.25 and its 200-day moving average is $53.17. The company’s market cap is $66.070 billion.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.01. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, analysts predict that eBay will post $2.97 earnings per share for the current fiscal year.
A number of research firms have recently commented on EBAY. Analysts at TheStreet upgraded shares of eBay to a “buy” rating in a research note on Friday, July 18th. Separately, analysts at Goldman Sachs cut their price target on shares of eBay from $64.00 to $61.00 in a research note on Friday, July 18th. Finally, analysts at Susquehanna reiterated a “neutral” rating on shares of eBay in a research note on Thursday, July 17th. They now have a $52.00 price target on the stock, down previously from $54.00. 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 company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.06.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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