eBay (NASDAQ:EBAY) SVP Cornelius Boone Sells 31,000 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 31,000 shares of the company’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $123.37, for a total transaction of $3,824,470.00. Following the sale, the senior vice president owned 74,702 shares of the company’s stock, valued at approximately $9,215,985.74. The trade was a 29.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

eBay Trading Up 1.0%

Shares of EBAY stock traded up $1.16 during mid-day trading on Friday, reaching $121.30. The stock had a trading volume of 817,193 shares, compared to its average volume of 4,818,747. The firm has a market capitalization of $53.25 billion, a PE ratio of 26.48, a price-to-earnings-growth ratio of 2.91 and a beta of 1.30. eBay Inc. has a 52-week low of $78.03 and a 52-week high of $127.74. The stock’s 50-day moving average price is $113.88 and its two-hundred day moving average price is $105.13. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.16.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. eBay had a return on equity of 49.20% and a net margin of 16.84%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the prior year, the company earned $1.36 earnings per share. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. Equities analysts expect that eBay Inc. will post 4.79 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, December 4th. eBay’s dividend payout ratio (DPR) is presently 27.07%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group upgraded eBay from a “neutral” rating to a “buy” rating in a report on Thursday, October 29th. Robert W. Baird set a $135.00 target price on shares of eBay in a research report on Thursday, October 29th. Argus increased their target price on eBay from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Cantor Fitzgerald lowered their price objective on eBay from $110.00 to $106.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Benchmark increased their price objective on shares of eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Seventeen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $123.52.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EBAY. BlackRock Inc. purchased a new stake in shares of eBay in the second quarter worth about $4,406,897,000. Legal & General Group Plc acquired a new stake in eBay during the second quarter worth about $506,653,000. Bank of America Corp DE acquired a new stake in eBay during the second quarter worth about $405,182,000. Bank of New York Mellon Corp purchased a new position in eBay during the second quarter worth about $282,479,000. Finally, Nykredit A S purchased a new position in eBay during the second quarter worth about $256,983,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Company Profile

eBay Inc. operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts. Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace. eBay serves customers and businesses in markets around the world.