Insider Selling: eBay Inc. (NASDAQ:EBAY) SVP Sells $256,760.14 in Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

eBay Trading Down 0.8 %

NASDAQ EBAY opened at $62.72 on Friday. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $64.96. The company has a 50 day moving average price of $57.58 and a 200 day moving average price of $54.07. 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 $31.49 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32.

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

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. eBay’s payout ratio is 21.51%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EBAY shares. The Goldman Sachs Group raised their price target on eBay from $38.00 to $46.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. Robert W. Baird boosted their target price on shares of eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $64.00 price target (up previously from $58.00) on shares of eBay in a research note on Thursday, August 1st. Morgan Stanley lifted their price objective on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. initiated coverage on shares of eBay in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 target price on the stock. One research 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. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and an average target price of $56.90.

Hedge Funds Weigh In On eBay

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in eBay during the 2nd quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its stake in eBay by 894.2% in the 2nd 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 position in eBay in the 1st quarter worth $29,000. Hobbs Group Advisors LLC acquired a new stake in eBay during the 2nd quarter worth about $29,000. Finally, Washington Trust Advisors Inc. purchased a new stake in eBay during the 1st quarter valued at about $30,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

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.