Insider Selling: eBay Inc. (NASDAQ:EBAY) CFO Sells 1,033 Shares of Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

eBay Stock Up 1.7 %

EBAY stock opened at $66.19 on Monday. eBay Inc. has a one year low of $40.33 and a one year high of $71.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s fifty day moving average is $63.63 and its 200 day moving average is $61.09. The firm has a market cap of $31.71 billion, a PE ratio of 16.63, a P/E/G ratio of 2.10 and a beta of 1.35.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.63%. eBay’s dividend payout ratio is presently 27.14%.

Analyst Ratings Changes

Several analysts have commented on EBAY shares. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and decreased their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. The Goldman Sachs Group increased their target price on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Citigroup lifted their price target on shares of eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. Finally, UBS Group lowered their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $62.83.

Hedge Funds Weigh In On eBay

A number of large investors have recently bought and sold shares of EBAY. Thoroughbred Financial Services LLC acquired a new stake in eBay in the 2nd quarter valued at $200,000. Envestnet Asset Management Inc. raised its position in shares of eBay by 38.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,078,622 shares of the e-commerce company’s stock worth $57,944,000 after purchasing an additional 301,838 shares during the last quarter. Argent Trust Co lifted its stake in eBay by 11.7% in the 2nd quarter. Argent Trust Co now owns 23,244 shares of the e-commerce company’s stock valued at $1,249,000 after buying an additional 2,427 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in eBay by 136.7% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,618 shares of the e-commerce company’s stock worth $946,000 after buying an additional 10,175 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of eBay by 5.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 78,669 shares of the e-commerce company’s stock valued at $4,221,000 after acquiring an additional 4,220 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.