eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest Sells 1,167 Shares of Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,308,946.80. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

eBay Stock Up 1.2 %

Shares of NASDAQ EBAY opened at $66.26 on Friday. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The stock has a market capitalization of $30.88 billion, a P/E ratio of 16.65, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50-day moving average price of $66.34 and a 200-day moving average price of $64.96.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.75%. This is an increase from eBay’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio is presently 29.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Bank of America cut their price target on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Cantor Fitzgerald upped their price target on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Stifel Nicolaus cut their target price on shares of eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. BMO Capital Markets increased their price objective on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded eBay from a “hold” rating to a “buy” rating in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $65.13.

Hedge Funds Weigh In On eBay

Several institutional investors have recently modified their holdings of EBAY. Pine Valley Investments Ltd Liability Co bought a new stake in shares of eBay in the third quarter valued at $203,000. World Investment Advisors LLC bought a new stake in eBay in the 3rd quarter valued at about $2,947,000. Arvest Bank Trust Division purchased a new stake in eBay during the third quarter valued at about $9,716,000. Wilmington Savings Fund Society FSB bought a new position in eBay during the third quarter worth about $241,000. Finally, Tidal Investments LLC boosted its position in eBay by 7.5% during the third quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company’s stock worth $4,376,000 after purchasing an additional 4,677 shares during the period. 87.48% of the stock is owned by institutional investors.

About eBay

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.