eBay Inc. (NASDAQ:EBAY) SVP Sells $234,829.95 in Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 2,985 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the transaction, the senior vice president now directly owns 92,053 shares in the company, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cornelius Boone also recently made the following trade(s):

• On Tuesday, March 18th, Cornelius Boone sold 3,958 shares of eBay stock. The stock was sold at an average price of $67.06, for a total value of $265,423.48.

eBay Price Performance

EBAY stock opened at $77.88 on Thursday. The firm has a market cap of $35.90 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.22 and a beta of 1.27. The firm’s fifty day moving average is $69.54 and its 200 day moving average is $67.09. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52 week low of $51.72 and a 52 week high of $79.84.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 earnings per share. Research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.49%. eBay’s dividend payout ratio is presently 27.62%.

Institutional Investors Weigh In On eBay

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in shares of eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock valued at $1,765,148,000 after buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP raised its holdings in shares of eBay by 4.6% during the first quarter. Independent Franchise Partners LLP now owns 11,689,267 shares of the e-commerce company’s stock valued at $791,714,000 after purchasing an additional 510,629 shares during the last quarter. Invesco Ltd. raised its stake in eBay by 8.0% during the 1st quarter. Invesco Ltd. now owns 8,441,396 shares of the e-commerce company’s stock valued at $571,736,000 after buying an additional 627,823 shares during the last quarter. Northern Trust Corp increased its position in eBay by 4.4% during the first quarter. Northern Trust Corp now owns 7,109,481 shares of the e-commerce company’s stock valued at $481,525,000 after acquiring an additional 300,216 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of eBay by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company’s stock valued at $435,665,000 after purchasing an additional 245,624 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Benchmark raised 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. Stifel Nicolaus increased their price target on shares of eBay from $61.00 to $62.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. UBS Group upped their price target on eBay from $72.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, April 29th. Sanford C. Bernstein downgraded shares of eBay from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $70.00 to $65.00 in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their target price on eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.73.

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.