eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest Sells 28,060 Shares

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

eBay Trading Down 6.0 %

EBAY opened at $62.40 on Friday. The firm has a market capitalization of $29.08 billion, a PE ratio of 15.68, 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. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61. The company’s 50-day moving average is $67.26 and its 200 day moving average is $65.03.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new position in eBay during the 4th quarter valued at $27,000. Orion Capital Management LLC purchased a new stake in shares of eBay in the fourth quarter valued at about $27,000. Pinney & Scofield Inc. purchased a new stake in shares of eBay in the fourth quarter valued at about $31,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay during the fourth quarter valued at about $33,000. Finally, Quarry LP purchased a new position in eBay during the third quarter worth about $36,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on EBAY shares. Wells Fargo & Company lowered their target price on eBay from $64.00 to $62.00 and set an “equal weight” rating for the company in a research note on Wednesday. JMP Securities reiterated a “market perform” rating on shares of eBay in a research report on Monday, December 16th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, Morgan Stanley raised their price objective on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.46.

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.