eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone Sells 3,958 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

eBay Price Performance

Shares of NASDAQ EBAY opened at $66.34 on Friday. The business has a fifty day moving average price of $66.99 and a two-hundred day moving average price of $64.59. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $30.91 billion, a PE ratio of 16.67, a P/E/G ratio of 2.22 and a beta of 1.45.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. eBay’s payout ratio is 29.07%.

Wall Street Analyst Weigh In

EBAY has been the topic of several analyst reports. Wedbush assumed coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price target on the stock. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and lowered their price target for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Bank of America lowered their price target on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Barclays set a $72.00 target price on shares of eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, UBS Group lifted their price objective on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.54.

Hedge Funds Weigh In On eBay

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its holdings in eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock worth $1,765,148,000 after acquiring an additional 3,149,934 shares during the period. Independent Franchise Partners LLP grew its holdings in eBay by 25.6% during the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after buying an additional 2,277,839 shares in the last quarter. Wellington Management Group LLP purchased a new stake in eBay in the 3rd quarter valued at about $105,506,000. Marshall Wace LLP lifted its holdings in eBay by 304.2% during the fourth quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company’s stock worth $130,421,000 after acquiring an additional 1,584,404 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in eBay in the 4th quarter worth about $96,214,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

About eBay

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.