Insider Selling: eBay Inc. (NASDAQ:EBAY) CFO Sells 28,060 Shares of Stock

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

eBay Stock Performance

NASDAQ EBAY traded down $1.06 during trading hours on Thursday, reaching $66.36. The company’s stock had a trading volume of 5,971,721 shares, compared to its average volume of 4,865,005. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50-day simple moving average of $67.27 and a 200 day simple moving average of $65.03. The stock has a market cap of $30.92 billion, a PE ratio of 16.67, a PEG ratio of 2.22 and a beta of 1.43. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. The ex-dividend date of this dividend was 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 1.75%. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Analyst Ratings Changes

Several equities research analysts have recently commented on EBAY shares. Stifel Nicolaus reduced their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. UBS Group raised their target price on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. Citigroup upped their price objective on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, BMO Capital Markets upped their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.46.

Hedge Funds Weigh In On eBay

Several institutional investors have recently modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new stake in eBay in the 4th quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new position in shares of eBay during the fourth quarter valued at $27,000. Pinney & Scofield Inc. bought a new stake in shares of eBay during the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. acquired a new stake in eBay in the fourth quarter worth about $33,000. Finally, Quarry LP acquired a new position in shares of eBay during the third quarter valued at approximately $36,000. Institutional investors 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.