Stephen J. Priest Sells 5,252 Shares of eBay Inc. (NASDAQ:EBAY) Stock

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

eBay Stock Down 0.2 %

Shares of NASDAQ EBAY opened at $64.11 on Thursday. The business has a fifty day moving average of $63.19 and a two-hundred day moving average of $59.37. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80. The stock has a market cap of $30.71 billion, a PE ratio of 16.11, a PEG ratio of 2.20 and a beta of 1.35.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.68%. eBay’s dividend payout ratio is 27.14%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Tortoise Investment Management LLC grew its position in 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 stake in shares of eBay during the second quarter worth $29,000. Quarry LP acquired a new stake in shares of eBay in the third quarter valued at $36,000. USA Financial Formulas bought a new stake in eBay during the 3rd quarter worth about $38,000. Finally, Northwest Investment Counselors LLC acquired a new stake in eBay in the 3rd quarter valued at about $50,000. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several analyst reports. Morgan Stanley boosted their target price on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Piper Sandler boosted their price objective on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. TD Cowen raised their target price 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. JMP Securities reissued a “market perform” rating on shares of eBay in a research report on Monday. Finally, Bank of America lowered their price target on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $62.63.

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.