Insider Selling: eBay Inc. (NASDAQ:EBAY) SVP Sells 3,989 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

eBay Stock Up 0.9 %

NASDAQ EBAY traded up $0.59 during trading on Tuesday, reaching $64.23. The company’s stock had a trading volume of 4,507,205 shares, compared to its average volume of 5,292,630. The business has a 50-day moving average price of $63.31 and a 200-day moving average price of $59.27. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The stock has a market capitalization of $30.77 billion, a PE ratio of 15.99, a PEG ratio of 2.20 and a beta of 1.35. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Robert W. Baird decreased their target price on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Mizuho boosted their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Barclays cut their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and dropped their price target for the company from $60.00 to $52.00 in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.63.

Hedge Funds Weigh In On eBay

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