Insider Selling: eBay Inc. (NASDAQ:EBAY) CFO Sells 1,167 Shares of Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

eBay Price Performance

Shares of EBAY stock opened at $66.26 on Friday. 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 stock has a market cap of $30.88 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.22 and a beta of 1.43. The business’s fifty day moving average is $66.30 and its 200 day moving average is $64.96. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61.

eBay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Institutional Investors Weigh In On eBay

Hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its holdings in shares of 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 increased its position in eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock valued at $692,517,000 after buying an additional 2,277,839 shares in the last quarter. Nordea Investment Management AB raised its stake in eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after buying an additional 335,035 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in eBay by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company’s stock worth $435,665,000 after acquiring an additional 245,624 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of eBay by 17.8% in the fourth quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company’s stock worth $421,834,000 after acquiring an additional 1,030,292 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Benchmark upped their price target on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. UBS Group increased their target price on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Monday, February 24th. Stifel Nicolaus reduced their price target on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Barclays set a $72.00 price objective on eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of eBay from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Two research 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 company currently has an average rating of “Hold” and an average price target of $65.13.

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.