Stephen J. Priest Sells 25,000 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

eBay Price Performance

NASDAQ:EBAY opened at $63.17 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $64.96. The stock’s 50-day moving average price is $57.23 and its 200-day moving average price is $53.88. The stock has a market capitalization of $31.71 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32.

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

eBay Dividend Announcement

The business also recently announced 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 (DPR) is 21.51%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC boosted its stake in shares of eBay by 894.2% in the second 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. LRI Investments LLC purchased a new stake in shares of eBay during the first quarter worth approximately $29,000. Hobbs Group Advisors LLC acquired a new position in eBay in the 2nd quarter valued at $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in eBay in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EBAY shares. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft increased their price target on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. started coverage on eBay in a research note on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price target on the stock. Citigroup increased their price objective on shares of eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley boosted their target price on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.90.

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.