eBay Inc. (NASDAQ:EBAY) CFO Sells $77,757.21 in Stock

eBay Inc. (NASDAQ:EBAY - Get Free Report) CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares of the company's stock, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

eBay Trading Down 2.3 %

Shares of EBAY traded down $1.56 during midday trading on Thursday, hitting $65.36. The stock had a trading volume of 4,927,135 shares, compared to its average volume of 5,471,355. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $67.80. The business has a 50-day simple moving average of $61.57 and a two-hundred day simple moving average of $55.84. The firm has a market cap of $32.81 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.53 billion. As a group, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, August 30th. eBay's dividend payout ratio (DPR) is 21.51%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EBAY. Daiwa America upgraded shares of eBay to a "hold" rating in a research note on Wednesday, August 14th. Morgan Stanley boosted their target price on shares of eBay from $61.00 to $64.00 and gave the company an "overweight" rating in a research note on Friday, July 19th. Citigroup upped their price target on shares of eBay from $64.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Benchmark upped their price target on shares of eBay from $58.00 to $65.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, Truist Financial upped their price target on shares of eBay from $50.00 to $58.00 and gave the stock a "hold" rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $58.48.

Institutional Trading of eBay

A number of hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC raised its position in eBay by 43.8% during the fourth quarter. Fisher Asset Management LLC now owns 8,633 shares of the e-commerce company's stock valued at $377,000 after acquiring an additional 2,629 shares in the last quarter. Nomura Holdings Inc. bought a new position in eBay during the fourth quarter valued at approximately $457,000. Kapitalo Investimentos Ltda bought a new position in eBay during the fourth quarter valued at approximately $69,000. CWM LLC raised its position in eBay by 65.4% during the first quarter. CWM LLC now owns 17,090 shares of the e-commerce company's stock valued at $902,000 after acquiring an additional 6,755 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in eBay by 40.8% during the first quarter. GAMMA Investing LLC now owns 2,690 shares of the e-commerce company's stock valued at $142,000 after acquiring an additional 779 shares in the last quarter. 87.48% of the stock is 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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