eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares of the company's stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
eBay Stock Performance
NASDAQ EBAY traded up $0.59 during trading hours on Tuesday, hitting $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 fifty-two week low of $40.16 and a fifty-two week high of $67.80. The firm has a market cap of $30.77 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. 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 business has a fifty day simple moving average of $63.31 and a 200-day simple moving average of $59.27.
eBay Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.27 per share. 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 payout ratio is 27.14%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on EBAY shares. TD Cowen upped their target price on shares of eBay from $45.00 to $54.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Wedbush started coverage on shares of eBay in a research report on Monday, December 9th. They issued a "neutral" rating and a $70.00 price objective for the company. UBS Group lowered their target price on eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. StockNews.com cut eBay from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Stifel Nicolaus raised their price objective on eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $62.63.
View Our Latest Analysis on eBay
Institutional Investors Weigh In On eBay
Several large investors have recently made changes to their positions in EBAY. Tortoise Investment Management LLC increased its position in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock valued at $28,000 after acquiring an additional 465 shares during the period. Hobbs Group Advisors LLC bought a new position in shares of eBay in the second quarter worth $29,000. Quarry LP bought a new position in shares of eBay in the third quarter worth $36,000. USA Financial Formulas acquired a new position in shares of eBay during the third quarter valued at $38,000. Finally, Northwest Investment Counselors LLC acquired a new stake in eBay in the third quarter worth about $50,000. Institutional investors and hedge funds own 87.48% of the company's stock.
About eBay
(
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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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