eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % 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 Up 1.2 %
EBAY stock traded up $0.76 during midday trading on Monday, reaching $66.54. The company's stock had a trading volume of 4,208,901 shares, compared to its average volume of 4,751,980. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $31.01 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 2.22 and a beta of 1.45. The stock has a fifty day simple moving average of $66.99 and a two-hundred day simple moving average of $64.72. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61.
eBay Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.29 dividend. This is an increase from eBay's previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.74%. eBay's dividend payout ratio is presently 29.07%.
Institutional Trading of eBay
A number of institutional investors have recently made changes to their positions in EBAY. Wealth Enhancement Advisory Services LLC raised its position in eBay by 47.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 77,357 shares of the e-commerce company's stock valued at $4,792,000 after purchasing an additional 24,840 shares during the period. Integrated Advisors Network LLC acquired a new position in eBay during the fourth quarter worth approximately $210,000. Ameriflex Group Inc. acquired a new stake in eBay during the 4th quarter worth approximately $38,000. Ascent Group LLC increased its stake in shares of eBay by 8.2% during the fourth quarter. Ascent Group LLC now owns 13,450 shares of the e-commerce company's stock worth $833,000 after acquiring an additional 1,024 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of eBay by 17.4% in the fourth quarter. Mackenzie Financial Corp now owns 105,665 shares of the e-commerce company's stock valued at $6,546,000 after buying an additional 15,639 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts have weighed in on EBAY shares. Citigroup increased their price objective on eBay from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Wells Fargo & Company restated an "equal weight" rating on shares of eBay in a report on Thursday, February 27th. Morgan Stanley boosted their price target on shares of eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, January 13th. Jefferies Financial Group lowered shares of eBay from a "hold" rating to an "underperform" rating and lowered their price objective for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. Finally, Benchmark raised their price objective on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $65.54.
Read Our Latest Research Report on eBay
eBay Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider eBay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.
While eBay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
