The SVP & CTO of Ebay (NASDAQ: EBAY) is Selling Shares

By Carrie Williams

Today, the SVP & CTO of Ebay (NASDAQ: EBAY), Stephen Fisher, sold shares of EBAY for $3.31M.

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Based on Ebay’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.61 billion and quarterly net profit of $407 million. In comparison, last year the company earned revenue of $2.22 billion and had a net profit of $1.04 billion. The company has a one-year high of $46.99 and a one-year low of $32.99. Currently, Ebay has an average volume of 10.62M.

Based on 25 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $52.29, reflecting a -27.6% downside. Eight different firms, including B.Riley FBR and Barclays, currently also have a Sell rating on the stock.

The insider sentiment on Ebay has been negative according to 124 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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eBay, Inc. is a commerce company, which engages in the provision of investments and acquisitions to help enable commerce on platforms for buyers and sellers online or on mobile devices. It operates throught the following platforms: Marketplace; Classifieds; StubHub, Corporate, and Others.