On October 7, 2024, Jamie Iannone, President and Chief Executive Officer of eBay Inc (EBAY, Financial), executed a sale of 11,250 shares of the company, according to the SEC Filing. Post transaction, the insider owns 553,666 shares of eBay Inc. The shares were sold at a price of $66.33 each, totaling approximately $746,212.50.
eBay Inc operates as a global commerce leader that connects millions of buyers and sellers around the world. The platform includes eBay Marketplace and eBay Classifieds Group, which collectively reach a wide audience and offer online platforms for the sale of goods.
Over the past year, Jamie Iannone has sold a total of 22,500 shares of eBay Inc and has not made any purchases of the stock. The insider transaction history for eBay Inc shows a trend with 0 insider buys and 17 insider sells over the past year.
Shares of eBay Inc were trading at $66.33 on the day of the sale, giving the company a market cap of approximately $32.85 billion. The price-earnings ratio of the company stands at 13.04, which is lower than the industry median of 18.78, indicating a potentially lower valuation relative to its peers.
The stock's valuation metrics show a GF Value of $53.69, with a price-to-GF-Value ratio of 1.24, suggesting that eBay Inc is modestly overvalued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This recent insider sell might provide investors with context about how executives at eBay Inc view the stock's current valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
