Stephen J. Priest Sells 1,033 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

eBay Trading Up 1.7 %

Shares of EBAY stock opened at $66.19 on Friday. The firm has a market capitalization of $31.71 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.10 and a beta of 1.35. eBay Inc. has a twelve month low of $40.33 and a twelve month high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock’s fifty day simple moving average is $63.63 and its 200 day simple moving average is $61.03.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Institutional Investors Weigh In On eBay

A number of institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after buying an additional 153 shares during the last quarter. Cypress Wealth Services LLC grew its position in shares of eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after buying an additional 157 shares during the last quarter. Capital Investment Advisors LLC grew its position in shares of eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after buying an additional 167 shares during the last quarter. Optas LLC grew its position in shares of eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after buying an additional 171 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its position in shares of eBay by 1.2% in the 4th quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock valued at $883,000 after buying an additional 173 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several research reports. Wedbush initiated coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. Cantor Fitzgerald reissued a “neutral” rating and set a $62.00 price target on shares of eBay in a report on Monday, October 7th. Bank of America dropped their price target on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Piper Sandler lifted their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.83.

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.