Insider Selling: eBay Inc. (NASDAQ:EBAY) CFO Sells $334,184.76 in Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

eBay Stock Performance

Shares of EBAY opened at $63.95 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50-day moving average of $63.15 and a 200-day moving average of $59.40. The company has a market cap of $30.63 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. eBay Inc. has a one year low of $40.16 and a one year high of $67.80.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JMP Securities restated a “market perform” rating on shares of eBay in a report on Monday. Citigroup increased their target price on shares of eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Wells Fargo & Company decreased their target price on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.63.

Institutional Trading of eBay

A number of hedge funds have recently made changes to their positions in EBAY. Tortoise Investment Management LLC increased its holdings in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 465 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in eBay during the second quarter worth $29,000. Quarry LP acquired a new position in shares of eBay in the third quarter valued at $36,000. USA Financial Formulas bought a new position in shares of eBay in the third quarter valued at about $38,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of eBay during the 3rd quarter worth about $50,000. 87.48% of the stock is owned by institutional investors and hedge funds.

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.