eBay Inc. (NASDAQ:EBAY) SVP Sells $265,423.48 in Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company’s stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

eBay Stock Performance

Shares of NASDAQ:EBAY traded down $0.86 on Thursday, hitting $66.34. The company had a trading volume of 4,143,604 shares, compared to its average volume of 4,730,469. The stock has a 50 day moving average price of $67.05 and a 200 day moving average price of $64.58. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market cap of $30.91 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a 1-year low of $48.52 and a 1-year high of $71.61.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is 29.07%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EBAY. StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Cantor Fitzgerald upped their price target on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, February 27th. Wells Fargo & Company reissued an “equal weight” rating on shares of eBay in a research report on Thursday, February 27th. Barclays set a $72.00 price objective on shares of eBay and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, UBS Group increased 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 equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.54.

Institutional Investors Weigh In On eBay

Several hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of eBay by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after purchasing an additional 1,063 shares during the period. Kestra Investment Management LLC grew its holdings in eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after buying an additional 7,074 shares in the last quarter. Trustmark National Bank Trust Department bought a new position in eBay during the 3rd quarter worth $1,307,000. Prospera Financial Services Inc increased its position in eBay by 794.2% during the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after buying an additional 62,719 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after buying an additional 139,315 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

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.