eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest Sells 1,033 Shares

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

eBay Trading Up 1.7 %

Shares of EBAY stock opened at $66.19 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $63.63 and a two-hundred day moving average price of $61.03. eBay Inc. has a 12-month low of $40.33 and a 12-month high of $71.52. The firm has a market cap of $31.71 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35.

eBay Dividend Announcement

The company also recently declared 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. This represents a $1.08 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Institutional Investors Weigh In On eBay

Several hedge funds have recently added to or reduced their stakes in EBAY. Quarry LP bought a new stake in eBay during the third quarter worth about $36,000. USA Financial Formulas bought a new stake in shares of eBay in the 3rd quarter valued at about $38,000. Northwest Investment Counselors LLC bought a new stake in shares of eBay in the 3rd quarter valued at about $50,000. Versant Capital Management Inc lifted its stake in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in shares of eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after acquiring an additional 621 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Piper Sandler boosted their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Citigroup boosted their price objective on eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Robert W. Baird dropped their price target on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Barclays dropped their price target on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.83.

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.