eBay Inc. (NASDAQ:EBAY - Get Free Report) CFO Stephen J. Priest sold 28,060 shares of the firm'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 completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
eBay Trading Down 1.6 %
Shares of EBAY stock opened at $66.36 on Friday. The company has a market capitalization of $30.92 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The firm has a 50 day moving average price of $67.31 and a two-hundred day moving average price of $65.04.
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 issued a $0.29 dividend. 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. The ex-dividend date was Friday, March 14th. eBay's dividend payout ratio is currently 29.07%.
Analyst Ratings Changes
A number of brokerages have issued reports on EBAY. Wedbush started coverage on eBay in a report on Monday, December 9th. They set a "neutral" rating and a $70.00 target price on the stock. Morgan Stanley boosted their price objective on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Bank of America cut their target price on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. JMP Securities reissued a "market perform" rating on shares of eBay in a report on Monday, December 16th. Finally, BMO Capital Markets raised their price objective on eBay from $59.00 to $63.00 and gave the stock a "market perform" rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $65.46.
View Our Latest Stock Analysis on eBay
Institutional Trading of eBay
Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Sector Pension Investment Board increased its position in shares of eBay by 9.5% in the third quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company's stock worth $1,273,000 after purchasing an additional 1,700 shares during the period. Erste Asset Management GmbH acquired a new stake in eBay during the third quarter worth about $1,720,000. Atom Investors LP increased its holdings in eBay by 142.9% in the 3rd quarter. Atom Investors LP now owns 13,093 shares of the e-commerce company's stock valued at $852,000 after buying an additional 7,702 shares during the period. Benjamin Edwards Inc. raised its position in shares of eBay by 4.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 13,324 shares of the e-commerce company's stock valued at $868,000 after buying an additional 543 shares in the last quarter. Finally, Ascent Group LLC lifted its holdings in shares of eBay by 16.7% during the 3rd quarter. Ascent Group LLC now owns 12,426 shares of the e-commerce company's stock worth $809,000 after acquiring an additional 1,779 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.
About eBay
(
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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.
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