eBay Inc. (NASDAQ:EBAY) SVP Sells $260,082.80 in Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

eBay Price Performance

EBAY stock opened at $64.23 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50-day simple moving average of $63.25 and a two-hundred day simple moving average of $59.34. The company has a market capitalization of $30.77 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.68%. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EBAY shares. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price target on shares of eBay in a research report on Monday, October 7th. Robert W. Baird decreased their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $62.63.

Institutional Investors Weigh In On eBay

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its stake in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after acquiring an additional 3,880,649 shares in the last quarter. Mirova US LLC increased its stake in eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after buying an additional 189,505 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after buying an additional 838,969 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after buying an additional 530,941 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of eBay by 22.2% in the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after acquiring an additional 1,216,885 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.