Insider Selling: eBay Inc. (NASDAQ:EBAY) CFO Sells 5,252 Shares of Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

eBay Trading Up 0.9 %

Shares of EBAY traded up $0.59 during midday trading on Tuesday, reaching $64.23. The company had a trading volume of 4,507,205 shares, compared to its average volume of 5,292,630. eBay Inc. has a 1-year low of $40.16 and a 1-year 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 firm has a 50 day simple moving average of $63.31 and a 200-day simple moving average of $59.27. The stock has a market cap of $30.77 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

eBay Dividend Announcement

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

Analysts Set New Price Targets

EBAY has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. Truist Financial lifted their price target on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, TD Cowen raised their price target on shares of 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.63.

Institutional Trading of eBay

Several hedge funds have recently made changes to their positions in the company. Tortoise Investment Management LLC lifted its holdings in eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of eBay in the 2nd quarter valued at $29,000. Quarry LP acquired a new position in shares of eBay in the 3rd quarter valued at $36,000. USA Financial Formulas purchased a new position in shares of eBay during the 3rd quarter worth $38,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of eBay during the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.