eBay Inc. (NASDAQ:EBAY) CFO Sells $1,903,029.20 in Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 28,060 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

eBay Stock Performance

NASDAQ EBAY opened at $62.40 on Friday. The firm has a 50-day moving average price of $67.26 and a two-hundred day moving average price of $65.03. eBay Inc. has a 12-month low of $48.52 and a 12-month high of $71.61. The company has a market capitalization of $29.08 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.22 and a beta of 1.43. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.86%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is currently 29.07%.

Hedge Funds Weigh In On eBay

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division acquired a new stake in shares of eBay during the 1st quarter worth $225,000. Versant Capital Management Inc lifted its position in eBay by 47.4% during the first quarter. Versant Capital Management Inc now owns 1,232 shares of the e-commerce company’s stock worth $83,000 after purchasing an additional 396 shares during the period. First Hawaiian Bank grew its stake in eBay by 132.7% during the first quarter. First Hawaiian Bank now owns 21,579 shares of the e-commerce company’s stock worth $1,462,000 after buying an additional 12,306 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in eBay by 31.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,052 shares of the e-commerce company’s stock valued at $139,000 after buying an additional 492 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of eBay by 47.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 77,357 shares of the e-commerce company’s stock valued at $4,792,000 after buying an additional 24,840 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EBAY has been the subject of several analyst reports. Benchmark raised their target price on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. BMO Capital Markets boosted their price objective on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Wedbush assumed coverage on shares of eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price on the stock. JMP Securities reiterated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Finally, Stifel Nicolaus dropped their price objective on eBay from $64.00 to $63.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $65.46.

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.