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

eBay Inc. (NASDAQ:EBAY - Get Free Report) CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total transaction 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 trade represents a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

eBay Stock Down 1.0 %

NASDAQ EBAY traded down $0.63 on Monday, hitting $65.63. 5,056,605 shares of the stock were exchanged, compared to its average volume of 4,951,816. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $66.25 and a 200-day moving average price of $64.95. The company has a market cap of $30.58 billion, a PE ratio of 16.49, a PEG ratio of 2.22 and a beta of 1.43. eBay Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $71.61.

eBay Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.29 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.77%. This is an increase from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is presently 29.07%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $72.00 target price on shares of eBay in a research note on Thursday, February 27th. Wells Fargo & Company decreased their target price on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. UBS Group increased their price target on eBay from $66.00 to $72.00 and gave the company a "neutral" rating in a report on Monday, February 24th. StockNews.com lowered eBay from a "buy" rating to a "hold" rating in a research note on Friday. Finally, JPMorgan Chase & Co. cut their target price on eBay from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $65.13.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EBAY. Ameriprise Financial Inc. boosted its holdings in shares of eBay by 12.4% in the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after buying an additional 3,149,934 shares in the last quarter. Independent Franchise Partners LLP grew its holdings in shares of eBay by 25.6% during the fourth quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock worth $692,517,000 after purchasing an additional 2,277,839 shares during the last quarter. Nordea Investment Management AB increased its position in shares of eBay by 3.8% during the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company's stock worth $573,220,000 after purchasing an additional 335,035 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of eBay by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company's stock valued at $435,665,000 after purchasing an additional 245,624 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of eBay by 17.8% in the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company's stock valued at $421,834,000 after purchasing an additional 1,030,292 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

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.