eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest Sells 28,060 Shares

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This trade represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

eBay Stock Down 6.0 %

EBAY opened at $62.40 on Friday. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company has a market capitalization of $29.08 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.43. 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 firm’s fifty day moving average price is $67.26 and its two-hundred day moving average price is $65.03.

eBay Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.86%. This is a boost from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is presently 29.07%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in shares of eBay in the 4th quarter worth approximately $27,000. Orion Capital Management LLC acquired a new stake in eBay in the 4th quarter valued at $27,000. Pinney & Scofield Inc. bought a new stake in eBay in the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay during the fourth quarter worth $33,000. Finally, Quarry LP bought a new position in shares of eBay during the third quarter valued at $36,000. Institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. Benchmark upped their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on eBay from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. UBS Group boosted their target price on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Finally, Citigroup increased their price target on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price of $65.46.

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.