Stephen J. Priest Sells 5,252 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

eBay Stock Performance

Shares of EBAY opened at $64.11 on Thursday. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. 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 company has a market capitalization of $30.71 billion, a PE ratio of 16.11, a PEG ratio of 2.20 and a beta of 1.35. The company’s 50 day moving average price is $63.19 and its 200 day moving average price is $59.37.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. eBay’s dividend payout ratio is 27.14%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Stifel Nicolaus boosted their price objective on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. The Goldman Sachs Group raised their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price target on shares of eBay in a research report on Monday, October 7th. Finally, Citigroup raised their price objective on shares of eBay from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $62.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EBAY. Tortoise Investment Management LLC lifted its holdings in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in eBay during the second quarter valued at approximately $29,000. Quarry LP bought a new position in eBay during the third quarter valued at approximately $36,000. USA Financial Formulas acquired a new stake in eBay in the third quarter valued at approximately $38,000. Finally, Northwest Investment Counselors LLC bought a new stake in eBay in the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.