eBay CFO Stephen J. Priest sells $67,072 in company stock

Stephen J. Priest, the Senior Vice President and Chief Financial Officer of eBay Inc. (NASDAQ:EBAY), reported a recent sale of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Priest sold 1,033 shares of eBay's common stock on January 16, 2025, at an average price of $64.93 per share, totaling $67,072. The transaction comes as eBay's stock has delivered an impressive 63% return over the past year, with InvestingPro analysis indicating the stock is currently trading below its Fair Value. This transaction was conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell company stock.

Additionally, on January 15, 2025, Priest exercised stock options to acquire 2,525 shares of eBay common stock at no cost. The same day, he disposed of 1,492 shares to cover tax obligations at a price of $65.11 per share, totaling $97,144. Following these transactions, Priest holds a total of 65,080 shares in eBay.

In other recent news, eBay Inc. has announced its plans to acquire Caramel, a provider of an online automotive transaction platform, aiming to enhance its Motors division. This strategic move is anticipated to streamline the process of buying and selling vehicles on eBay, making transactions safer and more convenient. The acquisition is expected to close in the first quarter of 2025.

In addition, eBay has also announced a strategic partnership with Meta Platforms (NASDAQ:META), Inc., integrating eBay listings into Facebook Marketplace. This development, along with a $3 billion expansion of eBay's stock repurchase program, aims to increase visibility and deliver value to shareholders. Trials of this partnership are set to begin in the U.S., Germany, and France.

Furthermore, Citi analysts have maintained their Buy rating and $75.00 price target for eBay, predicting this partnership to be a net positive for eBay. Bernstein, another research firm, also maintains a positive outlook on eBay shares, citing consistent buybacks and anticipated Gross Merchandise Volume (GMV) growth. These recent developments highlight eBay's strategic moves to leverage partnerships and repurchase programs to drive growth and deliver shareholder value.

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