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 that occurred on Wednesday, August 27th. The stock was sold at an average price of $56.41, for a total value of $380,767.50. Following the transaction, the senior vice president now directly owns 77,023 shares of the company’s stock, valued at approximately $4,344,867. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
EBAY has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of eBay in a research note on Wednesday, August 13th. They set a “hold” rating and a $57.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note on Tuesday, August 12th. They now have a $57.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of eBay to a “buy” rating in a research note on Friday, July 18th. Sixteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $59.02.
eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.69 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.63 earnings per share. eBay’s revenue was up 12.6% compared to the same quarter last year.
eBay Inc, is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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