eBay Inc (NASDAQ:EBAY), a global commerce leader that connects millions of buyers and sellers around the world, has reported an insider sale according to a recent SEC filing. The insider, SVP, Chief People Officer Cornelius Boone, sold 4,930 shares of the company on December 19, 2023. The transaction was executed at an average price of $42.66 per share, resulting in a total value of $210,313.80.
Over the past year, the insider has sold a total of 15,321 shares of eBay Inc and has not made any purchases of the stock. This latest transaction continues a trend of insider sales at the company, with a total of 10 insider sells and no insider buys over the past year.
On the day of the sale, eBay Inc's shares were trading at $42.66, giving the company a market capitalization of $22.301 billion. The stock's price-earnings ratio stood at 8.49, which is below both the industry median of 17.4 and the company's historical median price-earnings ratio. This valuation suggests that eBay Inc's shares are trading at a lower multiple compared to its peers and its own historical standards.
According to the GuruFocus Value chart, eBay Inc has a price-to-GF-Value ratio of 0.74, with a GF Value of $57.49 per share. This indicates that the stock is considered to be Modestly Undervalued based on its current trading price in relation to the intrinsic value estimated by GuruFocus. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at eBay Inc.
The GF Value image provides a visual representation of eBay Inc's current valuation in relation to its intrinsic value as estimated by GuruFocus.
Investors often monitor insider transactions as they can provide insights into the company's performance and insider perspectives on the stock's value. However, insider selling does not always indicate a lack of confidence in the company and can be motivated by various personal or financial reasons.
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.
