eBay SVP Alan Lee Marks Sells 6,750 Shares (EBAY)
eBay (NASDAQ:EBAY) SVP Alan Lee Marks sold 6,750 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $52.42, for a total value of $353,835.00. Following the completion of the transaction, the senior vice president now directly owns 79,273 shares of the company’s stock, valued at approximately $4,155,491. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of eBay (NASDAQ:EBAY) traded up 0.04% during mid-day trading on Wednesday, hitting $53.23. 9,108,995 shares of the company’s stock traded hands. 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 $50.51 and a 200-day moving average of $53.19. The company’s market cap is $66.070 billion.
eBay (NASDAQ:EBAY) last released its earnings data 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. Analysts expect that eBay will post $2.97 EPS 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 research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average 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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