Insider Selling: eBay Inc. (NASDAQ:EBAY) CFO Sells 1,033 Shares of Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $66.19 on Friday. The firm’s 50 day moving average is $63.63 and its two-hundred day moving average is $60.97. The firm has a market capitalization of $31.71 billion, a P/E ratio of 16.63, a PEG ratio of 2.10 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 Inc. has a 52 week low of $40.33 and a 52 week high of $71.52.

eBay Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on EBAY shares. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Tuesday, November 5th. Mizuho increased their price objective on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, November 1st. UBS Group cut their target price 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. Finally, Wells Fargo & Company decreased their price target on eBay from $62.00 to $59.00 and set an “equal weight” rating for the company in a research note on Tuesday. Two equities 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.83.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of eBay during the third quarter valued at $36,000. USA Financial Formulas bought a new position in eBay in the 3rd quarter valued at about $38,000. Northwest Investment Counselors LLC acquired a new position in eBay during the 3rd quarter valued at about $50,000. Versant Capital Management Inc raised its position in shares of eBay by 115.5% during the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after buying an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its position in shares of eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after buying an additional 621 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

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.