eBay Inc. [EBAY] Director makes an insider purchase of 20,000 shares worth 1.0 million.


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. eBay Inc. shares valued at $1,000,000 were sold by SWAN ROBERT HOLMES on Feb 01. At $50.00 per share, SWAN ROBERT HOLMES sold 20,000 shares. The insider’s holdings dropped to 136,632 shares worth approximately $6.2 million following the completion of this transaction.

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Also, Doerger Brian J. sold 9,542 shares, netting a total of over 420,983 in proceeds. Following the sale of shares at $44.12 each, the insider now holds 0 shares.

Before that, Doerger Brian J. had sold 4,311 shares from its account. In a trade valued at $180,601, the VP, Chief Accounting Officer traded eBay Inc. shares for $41.89 each. Upon closing the transaction, the insider’s holdings decreased to 4,311 shares, worth approximately $0.43 million.

As published in their initiating research note from Citigroup on December 13, 2022, eBay Inc. [EBAY] has been a Neutral and the price target has been revised to $47. This represents a 3.51% premium over Thursday’s closing price. Analysts at MoffettNathanson started covering the stock with ‘”a Market perform”‘ outlook in a report released in mid November. As of August 01, 2022, Needham has initiated its “Hold” rating for EBAY. Earlier on June 28, 2022, UBS downgraded its rating. Their new recommendation was “a Neutral” for EBAY stock which previously was a “a Buy”.

Analyzing EBAY Stock Performance

On Thursday, eBay Inc. [NASDAQ: EBAY] plunged -5.22% to $45.35. The stock’s lowest price that day was $43.71, but it reached a high of $45.89 in the same session. During the last five days, there has been a drop of approximately -8.66%. Over the course of the year, eBay Inc. shares have jumped approximately 9.36%. Shares of the company reached a 52-week high of $52.23 on 02/02/23 and a 52-week low of $41.54 on 01/03/23. A 50-day SMA is recorded $45.83, while a 200-day SMA reached $44.23. Nevertheless, trading volume fell to 12.46 million shares from 7.39 million shares the previous day.

Support And Resistance Levels for eBay Inc. (EBAY)

According to the 24-hour chart, there is a support level at 44.08, which, if violated, would cause prices to drop to 42.80. In the upper region, resistance lies at 46.26. The next price resistance is at 47.16. RSI (Relative Strength Index) is 37.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.67, which suggests the price will decrease in the coming days. Percent R is at 78.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is eBay Inc. subject to short interest?

Stocks of eBay Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -1.07 million shares to 15.2 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 16.27 million shares. A decline of -7.04% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.4 of the overall float, the days-to-cover ratio (short ratio) decline to 3.4.

Which companies own the most shares of eBay Inc. (EBAY)?

According to The Vanguard Group, Inc. filings, the company currently owns 58,846,261 shares, which is about 10.84% of the total EBAY shares outstanding. The investor’s shares have plunged by -328,780 from its previous 13-F filing of 59175041.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,343,364,858. SSgA Funds Management, Inc. reduced a -5.10% interest valued at $1.14 billion while Fidelity Management & Research Co purchased a 17,107 stake. A total of 105,551 shares of eBay Inc. were bought by Geode Capital Management LLC during the quarter, and -1,388,040 were sold by Nordea Investment Management AB. In its current portfolio, Independent Franchise Partners LL holds 10,365,256 shares valued at $513.08 million.


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