eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone Sells 3,974 Shares

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

eBay Trading Up 0.1 %

NASDAQ:EBAY opened at $63.22 on Friday. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $64.96. The company’s 50 day moving average is $57.41 and its 200-day moving average is $53.95. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a market cap of $31.74 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 2.35 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.27 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. eBay’s dividend payout ratio is 21.51%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EBAY shares. Wolfe Research began coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Evercore ISI boosted their price objective on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. Robert W. Baird increased their target price on shares of eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Benchmark boosted their price target on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $56.90.

Hedge Funds Weigh In On eBay

A number of institutional investors and hedge funds have recently bought and sold shares of EBAY. Clifford Capital Partners LLC grew its position in eBay by 21.3% in the 2nd quarter. Clifford Capital Partners LLC now owns 320,832 shares of the e-commerce company’s stock worth $17,235,000 after purchasing an additional 56,254 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in eBay during the second quarter valued at approximately $1,580,000. Cetera Investment Advisers grew its stake in shares of eBay by 83.5% in the 2nd quarter. Cetera Investment Advisers now owns 145,247 shares of the e-commerce company’s stock valued at $7,803,000 after purchasing an additional 66,096 shares during the period. Truist Financial Corp raised its holdings in shares of eBay by 45.4% in the 2nd quarter. Truist Financial Corp now owns 1,089,998 shares of the e-commerce company’s stock worth $58,555,000 after buying an additional 340,120 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of eBay by 40,340.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,022 shares of the e-commerce company’s stock worth $109,000 after buying an additional 2,017 shares during the period. Institutional investors own 87.48% of the company’s stock.

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.