eBay (NASDAQ:EBAY) Stock Price Down 3.1% After Insider Selling

eBay Inc. (NASDAQ:EBAY)’s stock price traded down 3.1% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $65.26 and last traded at $65.35. 2,100,569 shares traded hands during trading, a decline of 57% from the average session volume of 4,851,090 shares. The stock had previously closed at $67.42.

Specifically, CFO Stephen J. Priest sold 28,060 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup raised their target price on eBay from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. UBS Group raised their price objective on eBay from $66.00 to $72.00 and gave the company a “neutral” rating in a research report on Monday, February 24th. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday, December 16th. BMO Capital Markets lifted their price target on shares of eBay from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Thursday, February 27th. Finally, Bank of America dropped their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, eBay currently has an average rating of “Hold” and a consensus price target of $65.46.

eBay Stock Down 6.0 %

The company has a market cap of $29.08 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The business has a fifty day simple moving average of $67.26 and a two-hundred day simple moving average of $65.03. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.86%. eBay’s payout ratio is presently 29.07%.

Institutional Trading of eBay

Several large investors have recently bought and sold shares of EBAY. Golden State Wealth Management LLC acquired a new position in shares of eBay during the 4th quarter worth approximately $27,000. Orion Capital Management LLC acquired a new position in eBay during the fourth quarter worth $27,000. Pinney & Scofield Inc. acquired a new position in eBay during the fourth quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the 4th quarter worth $33,000. Finally, Quarry LP acquired a new stake in shares of eBay in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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.