eBay (NASDAQ:EBAY) SVP Sells $3,076,237.59 in Stock

by · The Cerbat Gem

eBay Inc. (NASDAQ:EBAY – Get Free Report) SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the sale, the senior vice president owned 4,733 shares of the company’s stock, valued at $435,388.67. This trade represents a 87.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Jordan Douglas Bradle Sweetnam also recently made the following trade(s):

  • On Thursday, December 18th, Jordan Douglas Bradle Sweetnam sold 865 shares of eBay stock. The shares were sold at an average price of $82.67, for a total value of $71,509.55.
  • On Tuesday, November 18th, Jordan Douglas Bradle Sweetnam sold 1,006 shares of eBay stock. The stock was sold at an average price of $82.04, for a total transaction of $82,532.24.

eBay Stock Performance

Shares of eBay stock traded down $1.40 during trading hours on Tuesday, hitting $92.38. 4,267,379 shares of the company’s stock traded hands, compared to its average volume of 4,083,899. The stock has a market capitalization of $41.76 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.12 and a beta of 1.38. The company has a fifty day simple moving average of $87.80 and a 200-day simple moving average of $89.20. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.92. eBay Inc. has a 12-month low of $58.71 and a 12-month high of $101.15.

Hedge Funds Weigh In On eBay

Several large investors have recently made changes to their positions in the business. ABN AMRO Bank N.V. purchased a new position in eBay during the second quarter valued at $235,149,000. Arrowstreet Capital Limited Partnership raised its position in shares of eBay by 1,007.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,189,868 shares of the e-commerce company’s stock worth $163,058,000 after purchasing an additional 1,992,116 shares during the last quarter. First Trust Advisors LP grew its position in eBay by 27.8% during the 3rd quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock valued at $755,767,000 after purchasing an additional 1,808,976 shares during the last quarter. M&G PLC raised its holdings in eBay by 88.8% in the second quarter. M&G PLC now owns 2,785,699 shares of the e-commerce company’s stock worth $206,142,000 after buying an additional 1,310,373 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of eBay by 19,822.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,290,981 shares of the e-commerce company’s stock valued at $96,126,000 after buying an additional 1,284,501 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stifel Nicolaus reduced their target price on eBay from $89.00 to $88.00 in a research report on Thursday, October 30th. Arete Research lifted their price target on eBay from $91.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. The Goldman Sachs Group lowered their target price on shares of eBay from $78.00 to $77.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of eBay from $96.00 to $100.00 in a report on Thursday, October 30th. Finally, Citigroup restated a “market outperform” rating on shares of eBay in a research report on Thursday, October 30th. Fourteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $95.66.

Check Out Our Latest Report on EBAY

About eBay

(Get Free Report)

eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.

The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.

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