Cornelius Boone Sells 3,989 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. This represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

eBay Price Performance

Shares of eBay stock opened at $64.11 on Thursday. The firm has a market cap of $30.71 billion, a PE ratio of 16.11, a P/E/G ratio of 2.20 and a beta of 1.35. eBay Inc. has a twelve month low of $40.16 and a twelve month high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $63.19 and a 200 day moving average price of $59.37.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is 27.14%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings in eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after acquiring an additional 3,880,649 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of eBay during the third quarter worth about $105,506,000. Altshuler Shaham Ltd acquired a new position in shares of eBay during the 2nd quarter worth about $71,593,000. LSV Asset Management lifted its stake in eBay by 22.2% in the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after buying an additional 1,216,885 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in eBay in the 2nd quarter worth about $49,924,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent analyst reports. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and cut their price objective for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Morgan Stanley upped their price target on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. The Goldman Sachs Group lifted their price objective on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Robert W. Baird cut their target price on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, TD Cowen lifted their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $62.63.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.