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

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

eBay Stock Performance

Shares of EBAY stock opened at $64.23 on Wednesday. The firm’s 50 day moving average is $63.25 and its 200 day moving average is $59.34. The stock has a market capitalization of $30.77 billion, a P/E ratio of 16.14, a PEG ratio of 2.20 and a beta of 1.35. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Robert W. Baird decreased their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Benchmark reiterated a “buy” rating and issued a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen increased their target price on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, UBS Group lowered their price objective on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus price target of $62.63.

Hedge Funds Weigh In On eBay

Several hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in eBay by 164.0% during the 2nd quarter. Blue Trust Inc. now owns 1,069 shares of the e-commerce company’s stock valued at $56,000 after buying an additional 664 shares in the last quarter. Raymond James & Associates increased its holdings in eBay by 35.2% during the 2nd quarter. Raymond James & Associates now owns 1,181,791 shares of the e-commerce company’s stock worth $63,486,000 after acquiring an additional 307,891 shares during the period. Hobbs Group Advisors LLC purchased a new stake in eBay in the 2nd quarter worth approximately $29,000. Fifth Third Bancorp boosted its holdings in eBay by 22.4% in the 2nd quarter. Fifth Third Bancorp now owns 34,145 shares of the e-commerce company’s stock valued at $1,834,000 after purchasing an additional 6,259 shares during the period. Finally, Aaron Wealth Advisors LLC purchased a new position in shares of eBay during the 2nd quarter valued at $212,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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.