Insider Selling: eBay Inc. (NASDAQ:EBAY) SVP Sells 3,989 Shares of Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly 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 filing with the Securities & Exchange Commission, which is available at the SEC website.

eBay Price Performance

EBAY opened at $64.11 on Thursday. The stock’s 50-day moving average price is $63.19 and its 200 day moving average price is $59.37. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The firm has a market cap of $30.71 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 2.20 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given 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 dividend yield of 1.68%. eBay’s dividend payout ratio is presently 27.14%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Tortoise Investment Management LLC grew its stake 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 purchasing an additional 465 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in shares of eBay during the second quarter worth about $29,000. Quarry LP bought a new stake in shares of eBay during the 3rd quarter valued at about $36,000. USA Financial Formulas bought a new stake in eBay in the third quarter valued at $38,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of eBay during the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EBAY shares. JMP Securities restated a “market perform” rating on shares of eBay in a research report on Monday. Needham & Company LLC restated a “buy” rating and issued a $72.00 price target on shares of eBay in a research report on Thursday, October 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 price target on shares of eBay in a report on Monday, October 7th. Morgan Stanley boosted their price objective on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Bank of America cut their target price on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.