Cornelius Boone, Senior Vice President and Chief People Officer of eBay Inc (EBAY, Financial), sold 3,974 shares of the company on September 17, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 70,113 shares of eBay Inc.
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 where users can access and update their listings, bid on items, or purchase them outright.
Over the past year, Cornelius Boone has sold a total of 17,780 shares of eBay Inc and has not purchased any shares. The insider transaction history for eBay Inc shows a trend with 0 insider buys and 18 insider sells over the past year.
On the date of the recent sale, shares of eBay Inc were trading at $64.61, giving the company a market cap of approximately $30.91 billion. The price-earnings ratio of the stock stands at 12.28, which is lower than the industry median of 17.745.
The stock's valuation according to the GF Value is $53.48, indicating that with a current price of $64.61, eBay Inc is considered Modestly Overvalued with a price-to-GF-Value ratio of 1.21.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from analysts.
This insider sale comes at a time when the stock is perceived as modestly overvalued based on intrinsic value estimates, reflecting a cautious stance by the insider amidst the company's current market valuation.
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.
