On August 15, 2024, Rebecca Spencer, Vice President and Chief Accounting Officer of eBay Inc (NASDAQ:EBAY), sold 2,128 shares of the company’s stock. The transaction was carried out at a price of $56.19 per share, as detailed in the SEC filing. Following this transaction, the insider now owns 4,247 shares of eBay Inc.
eBay Inc. is a global commerce leader that connects millions of buyers and sellers around the world. The platform aims to create economic opportunity for individuals, entrepreneurs, businesses, and organizations of all sizes.
Over the past year, Rebecca Spencer has sold a total of 4,211 shares of eBay Inc. and purchased no shares. This recent sale is part of a broader trend seen within the company. Over the past year, there have been 13 insider sales and no insider purchases.
eBay Inc. shares were trading at $56.19 on the day of the sale, giving the company a market capitalization of around $27.72 billion. The stock’s price-to-earnings ratio is 11.01, which is below the industry median of 17.205. This valuation suggests a relatively lower price-to-earnings than the industry as a whole.
According to GF Value, eBay Inc. has a price to GF Value ratio of 1.06, which means the stock is fairly valued. GF Value is a proprietary measure used to determine the fair value of a stock based on historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance.
This insider sale may be of interest to investors who follow insider behavior as an indicator of the level of confidence in the company’s current valuation and future prospects.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
