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

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were 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 $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

eBay Trading Up 1.7 %

Shares of EBAY stock opened at $66.19 on Friday. eBay Inc. has a fifty-two week low of $40.33 and a fifty-two week high of $71.52. The firm’s 50 day moving average price is $63.63 and its two-hundred day moving average price is $60.97. The stock has a market cap of $31.71 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.10 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.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.63%. eBay’s dividend payout ratio (DPR) is 27.14%.

Institutional Trading of eBay

Several large investors have recently added to or reduced their stakes in EBAY. Quarry LP purchased a new stake in shares of eBay in the third quarter worth about $36,000. USA Financial Formulas acquired a new position in eBay during the 3rd quarter worth approximately $38,000. Northwest Investment Counselors LLC purchased a new position in eBay in the 3rd quarter worth approximately $50,000. Versant Capital Management Inc grew its position in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its stake in shares of eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after purchasing an additional 621 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Wells Fargo & Company dropped their price target on eBay from $62.00 to $59.00 and set an “equal weight” rating for the company in a research report on Tuesday. Bank of America reduced their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. TD Cowen lifted their price objective on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Tuesday, November 5th. 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.