Insider Selling: eBay Inc. (NASDAQ:EBAY) SVP Sells 2,985 Shares of Stock

eBay Inc. (NASDAQ:EBAY - Get Free Report) SVP Cornelius Boone sold 2,985 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.67, for a total value of $234,829.95. Following the sale, the senior vice president now directly owns 92,053 shares of the company's stock, valued at $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Cornelius Boone also recently made the following trade(s):

• On Tuesday, March 18th, Cornelius Boone sold 3,958 shares of eBay stock. The shares were sold at an average price of $67.06, for a total value of $265,423.48.

eBay Price Performance

Shares of EBAY stock traded down $0.30 during trading on Thursday, hitting $77.58. The company had a trading volume of 2,196,323 shares, compared to its average volume of 4,984,051. The stock's 50-day moving average is $69.54 and its two-hundred day moving average is $67.09. The stock has a market capitalization of $35.76 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.22 and a beta of 1.27. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52 week low of $51.72 and a 52 week high of $79.84.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. eBay's payout ratio is 27.62%.

Institutional Trading of eBay

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Investment Management LLC grew its holdings in shares of eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock valued at $692,000 after purchasing an additional 7,074 shares during the last quarter. Van ECK Associates Corp boosted its position in eBay by 5,091.9% during the fourth quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock valued at $8,800,000 after buying an additional 139,315 shares during the period. Jones Financial Companies Lllp grew its stake in shares of eBay by 35.1% during the fourth quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock valued at $503,000 after buying an additional 2,110 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of eBay in the fourth quarter worth about $8,644,000. Finally, TCW Group Inc. lifted its stake in shares of eBay by 45.8% in the 4th quarter. TCW Group Inc. now owns 53,900 shares of the e-commerce company's stock valued at $3,339,000 after acquiring an additional 16,919 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EBAY shares. Benchmark increased their target price on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Barclays boosted their price objective on eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets raised their target price on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a research report on Thursday, February 27th. Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Finally, Sanford C. Bernstein lowered shares of eBay from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $67.73.

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.