Boeing secures $883 million Army contract for cargo support services
SAN JOSE, CA—Cornelius Boone, Senior Vice President and Chief People Officer at eBay Inc. (NASDAQ:EBAY), recently sold shares of the company’s stock, according to a filing with the Securities and Exchange Commission. The sale comes as eBay’s stock trades near its 52-week high of $79.66, having delivered an impressive 51.94% return over the past year. The transactions, dated June 6, 2025, involved the sale of 2,985 shares of eBay common stock, with a total value of approximately $234,822.
The shares were sold at prices ranging from $78.47 to $79.06 per share. These transactions were conducted under a Rule 10b-5 trading plan that Boone adopted on March 7, 2025. Following these sales, Boone retains ownership of 92,053 shares in the company.
In addition to the sales, Boone’s holdings include 646 shares acquired under eBay’s Employee Stock Purchase Plan as of April 30, 2025. For deeper insights into eBay’s valuation and performance metrics, including 14 additional ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, eBay’s first-quarter earnings have exceeded expectations, prompting several analyst firms to adjust their price targets. Needham increased its price target to $78, citing eBay’s strong quarterly results and guidance, which outperformed its ecommerce peers. Similarly, Susquehanna raised its target to $70 after eBay’s robust first-quarter performance and confirmed full-year outlook, though they noted potential macroeconomic challenges. Stifel also revised their target upward to $62, acknowledging eBay’s growth in Gross Merchandise Volume (GMV) and strategic initiatives to enhance user experience.
Additionally, CFRA boosted their price target to $87, highlighting improving GMV trends and the potential for margin expansion. They also noted eBay’s defensive positioning in the e-commerce sector. JPMorgan increased their target to $66, recognizing eBay’s strategic shift and investments in advertising and payments, though they maintain a cautious outlook due to execution risks. Across these analyses, eBay’s focus on key categories and tech-driven strategies has been credited with driving revenue growth and solidifying its market position. These developments reflect a general optimism among analysts about eBay’s ability to navigate current economic conditions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.