Insider Selling: eBay Inc. (NASDAQ:EBAY) CFO Sells 5,252 Shares of Stock

eBay Inc. (NASDAQ:EBAY - Get Free Report) CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company's stock, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

eBay Trading Up 0.9 %

Shares of NASDAQ EBAY traded up $0.59 during mid-day trading on Tuesday, reaching $64.23. The company had a trading volume of 4,507,205 shares, compared to its average volume of 5,292,630. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. The business's 50-day moving average is $63.31 and its 200-day moving average is $59.27. The stock has a market cap of $30.77 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth 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 business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, November 29th. eBay's dividend payout ratio (DPR) is presently 27.14%.

Analyst Ratings Changes

Several research firms have commented on EBAY. Wells Fargo & Company dropped their target price on eBay from $63.00 to $62.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Truist Financial upped their price target on shares of eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Benchmark restated a "buy" rating and set a $65.00 price objective on shares of eBay in a research note on Tuesday, October 29th. Stifel Nicolaus upped their target price on shares of eBay from $56.00 to $64.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, StockNews.com downgraded shares of 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, seventeen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $62.63.

Institutional Investors Weigh In On eBay

Hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Wellington Management Group LLP bought a new position in shares of eBay during the third quarter valued at approximately $105,506,000. Altshuler Shaham Ltd bought a new position in shares of eBay during the second quarter valued at approximately $71,593,000. LSV Asset Management increased its holdings in eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company's stock valued at $360,211,000 after buying an additional 1,216,885 shares during the period. Finally, Renaissance Technologies LLC bought a new position in eBay in the second quarter worth approximately $49,924,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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.

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