eBay Inc. (NASDAQ:EBAY) SVP Sells $260,082.80 in Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

eBay Trading Down 0.2 %

Shares of EBAY stock opened at $63.95 on Friday. 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 market cap of $30.63 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 2.20 and a beta of 1.35. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $67.80. The firm has a fifty day moving average price of $63.15 and a 200-day moving average price of $59.40.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Institutional Trading of eBay

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in shares of eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after acquiring an additional 3,880,649 shares during the period. Mirova US LLC boosted its position in shares of eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares during the period. Victory Capital Management Inc. boosted its position in shares of eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after purchasing an additional 838,969 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after purchasing an additional 530,941 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after purchasing an additional 1,216,885 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EBAY. UBS Group cut their price target on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. Morgan Stanley lifted their price target on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Robert W. Baird cut their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.63.

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.