eBay Inc. (NASDAQ:EBAY) Short Interest Update

eBay Inc. (NASDAQ:EBAY - Get Free Report) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 22,300,000 shares, an increase of 11.6% from the November 15th total of 19,980,000 shares. Based on an average daily volume of 4,750,000 shares, the days-to-cover ratio is presently 4.7 days. Approximately 4.7% of the shares of the stock are sold short.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now owns 559,291 shares of the company's stock, valued at $36,963,542.19. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,641 shares of company stock valued at $3,370,974. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of eBay

Several large investors have recently made changes to their positions in EBAY. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock valued at $3,418,000 after purchasing an additional 153 shares during the last quarter. Optas LLC boosted its stake in eBay by 0.5% during the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock valued at $2,219,000 after purchasing an additional 171 shares during the last quarter. Davis Investment Partners LLC boosted its stake in eBay by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company's stock valued at $1,531,000 after purchasing an additional 180 shares during the last quarter. Arvest Investments Inc. boosted its stake in eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company's stock valued at $990,000 after purchasing an additional 183 shares during the last quarter. Finally, Marco Investment Management LLC boosted its stake in eBay by 2.0% during the 3rd quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company's stock valued at $673,000 after purchasing an additional 200 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Down 0.1 %

Shares of EBAY traded down $0.06 during trading hours on Friday, hitting $63.84. The stock had a trading volume of 4,278,640 shares, compared to its average volume of 5,299,535. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $63.37 and a 200-day simple moving average of $59.19. The firm has a market capitalization of $30.58 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. eBay has a 1-year low of $40.16 and a 1-year high of $67.80.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.69%. eBay's dividend payout ratio is presently 27.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EBAY shares. UBS Group dropped their price target on eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft dropped their price target on eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Wedbush assumed coverage on eBay in a research report on Monday, December 9th. They set a "neutral" rating and a $70.00 target price for the company. Finally, StockNews.com lowered eBay from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, eBay currently has a consensus rating of "Hold" and a consensus price target of $62.63.

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.