eBay Inc. (NASDAQ:EBAY) CFO Sells $77,267.07 in Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,308,946.80. This represents a 1.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

eBay Stock Up 1.2 %

eBay stock opened at $66.26 on Friday. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company has a market cap of $30.88 billion, a PE ratio of 16.65, a PEG ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50-day simple moving average is $66.30 and its two-hundred day simple moving average is $64.96.

eBay Increases Dividend

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

Institutional Trading of eBay

Several large investors have recently made changes to their positions in the business. Wolf Group Capital Advisors purchased a new stake in eBay in the first quarter valued at $1,106,000. Patton Fund Management Inc. purchased a new stake in shares of eBay in the first quarter worth about $5,342,000. Grove Bank & Trust grew its holdings in eBay by 56.3% during the first quarter. Grove Bank & Trust now owns 3,508 shares of the e-commerce company’s stock worth $238,000 after acquiring an additional 1,263 shares during the period. QRG Capital Management Inc. raised its position in eBay by 32.9% during the first quarter. QRG Capital Management Inc. now owns 153,568 shares of the e-commerce company’s stock valued at $10,401,000 after acquiring an additional 37,979 shares in the last quarter. Finally, Sagespring Wealth Partners LLC lifted its holdings in eBay by 14.0% in the first quarter. Sagespring Wealth Partners LLC now owns 5,752 shares of the e-commerce company’s stock valued at $390,000 after acquiring an additional 706 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EBAY has been the subject of several research reports. Stifel Nicolaus lowered their target price on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Barclays set a $72.00 target price on shares of eBay and gave the stock an “overweight” rating in a report on Thursday, February 27th. BMO Capital Markets upped their price target 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. Susquehanna lifted their price objective on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Finally, UBS Group upped their target price on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, February 24th. 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, the company currently has an average rating of “Hold” and an average target price 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.