eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone Sells 3,989 Shares of 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 owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

eBay Trading Up 0.9 %

Shares of EBAY stock opened at $64.23 on Wednesday. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The stock’s fifty day moving average price is $63.25 and its two-hundred day moving average price is $59.34. 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 company has a market cap of $30.77 billion, a PE ratio of 16.14, a P/E/G ratio of 2.20 and a beta of 1.35.

eBay Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EBAY shares. Wedbush assumed coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. Robert W. Baird dropped their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $60.00 to $52.00 in a report on Tuesday, December 10th. TD Cowen upped their price target on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Truist Financial raised their price objective on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average price target of $62.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its stake in shares of eBay by 164.0% in the 2nd quarter. Blue Trust Inc. now owns 1,069 shares of the e-commerce company’s stock valued at $56,000 after acquiring an additional 664 shares during the last quarter. Raymond James & Associates raised its position in eBay by 35.2% in the second quarter. Raymond James & Associates now owns 1,181,791 shares of the e-commerce company’s stock valued at $63,486,000 after purchasing an additional 307,891 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of eBay during the second quarter valued at about $29,000. Fifth Third Bancorp grew its holdings in shares of eBay by 22.4% during the second quarter. Fifth Third Bancorp now owns 34,145 shares of the e-commerce company’s stock worth $1,834,000 after purchasing an additional 6,259 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of eBay in the second quarter valued at approximately $212,000. Institutional investors own 87.48% of the company’s stock.

eBay Company Profile

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.