Stephen J. Priest Sells 1,033 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY - Get Free Report) CFO Stephen J. Priest sold 1,033 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

eBay Stock Performance

EBAY traded up $1.13 during mid-day trading on Friday, reaching $66.19. 3,717,872 shares of the company traded hands, compared to its average volume of 6,050,470. The company's fifty day moving average price is $63.63 and its 200-day moving average price is $60.97. The stock has a market capitalization of $31.71 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.10 and a beta of 1.35. eBay Inc. has a 52-week low of $40.33 and a 52-week high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, November 29th. eBay's payout ratio is currently 27.14%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock worth $3,418,000 after buying an additional 153 shares during the last quarter. Cypress Wealth Services LLC raised its holdings in shares of eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after acquiring an additional 157 shares in the last quarter. Capital Investment Advisors LLC boosted its position in eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock valued at $262,000 after acquiring an additional 167 shares in the last quarter. Optas LLC raised its holdings in eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock worth $2,219,000 after purchasing an additional 171 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its position in eBay by 1.2% during the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company's stock valued at $883,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group decreased their price target on shares of eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Bank of America decreased their price objective on eBay from $67.00 to $64.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. TD Cowen upped their price target on eBay from $45.00 to $54.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. StockNews.com downgraded eBay from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Morgan Stanley increased their price target on eBay from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $62.83.

About eBay

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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