eBay Inc. (NASDAQ:EBAY) SVP Sells $265,423.48 in Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This trade 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 link.

eBay Trading Down 0.8 %

Shares of eBay stock opened at $65.78 on Friday. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The firm has a market cap of $30.65 billion, a PE ratio of 16.53, a PEG ratio of 2.22 and a beta of 1.45. 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 company has a 50 day simple moving average of $66.99 and a two-hundred day simple moving average of $64.68.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given 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 yield of 1.76%. eBay’s payout ratio is presently 29.07%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EBAY. Susquehanna raised their price objective on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Bank of America decreased their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. UBS Group raised their price objective on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Barclays set a $72.00 price objective on shares of eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $65.54.

Institutional Investors Weigh In On eBay

Several hedge funds have recently bought and sold shares of EBAY. Ameriprise Financial Inc. lifted its position in eBay by 12.4% during the fourth quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP lifted its position 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 valued at $692,517,000 after purchasing an additional 2,277,839 shares during the last quarter. Wellington Management Group LLP bought a new stake in eBay during the third quarter valued at approximately $105,506,000. Marshall Wace LLP lifted its position 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 valued at $130,421,000 after purchasing an additional 1,584,404 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of eBay in the 4th quarter worth approximately $96,214,000. 87.48% of the stock is currently owned by institutional investors.

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.