eBay Inc. (NASDAQ:EBAY) CFO Sells $1,903,029.20 in 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 transaction of $1,903,029.20. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This trade represents a 30.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

eBay Stock Performance

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

eBay Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.29 dividend. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. eBay’s dividend payout ratio is presently 29.07%.

Institutional Trading of eBay

Several institutional investors have recently added to or reduced their stakes in EBAY. Wealth Enhancement Advisory Services LLC increased its stake in shares of eBay by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after purchasing an additional 1,063 shares during the last quarter. Kestra Investment Management LLC raised its position in shares of eBay by 172.5% during the fourth quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock worth $692,000 after acquiring an additional 7,074 shares during the last quarter. Van ECK Associates Corp increased its position in eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock valued at $8,800,000 after purchasing an additional 139,315 shares during the period. Jones Financial Companies Lllp raised its holdings in eBay by 35.1% during the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of eBay in the 4th quarter worth approximately $8,644,000. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Morgan Stanley raised their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Susquehanna increased their price objective on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Bank of America reduced their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of eBay in a report on Thursday, February 27th. Finally, Stifel Nicolaus dropped their price target on shares of eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $65.46.

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.