eBay Inc. (NASDAQ:EBAY) CFO Sells $1,597,750.00 in Stock

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

eBay Stock Up 0.1 %

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

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

eBay Announces Dividend

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

Institutional Investors Weigh In On eBay

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay in the 2nd quarter valued at $26,000. Tortoise Investment Management LLC raised its stake in shares of eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares during the period. Hobbs Group Advisors LLC acquired a new position in shares of eBay in the second quarter worth about $29,000. Washington Trust Advisors Inc. purchased a new position in shares of eBay during the 1st quarter valued at approximately $30,000. Finally, LRI Investments LLC acquired a new position in eBay in the first quarter worth about $29,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EBAY. Piper Sandler reissued an “overweight” rating and set a $64.00 price objective (up from $58.00) on shares of eBay in a research note on Thursday, August 1st. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Daiwa America upgraded eBay to a “hold” rating in a research note on Wednesday, August 14th. Citigroup increased their target price on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Bank of America increased their price objective on shares of eBay from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.90.

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.