Cornelius Boone Sells 3,958 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

eBay Price Performance

Shares of EBAY traded down $0.86 during trading hours on Thursday, hitting $66.34. The stock had a trading volume of 4,143,604 shares, compared to its average volume of 4,730,469. The stock has a market capitalization of $30.91 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company’s fifty day moving average is $67.05 and its two-hundred day moving average is $64.58. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61.

eBay Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.75%. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s dividend payout ratio is currently 29.07%.

Analyst Ratings Changes

EBAY has been the topic of a number of recent analyst reports. Susquehanna lifted their price target on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on shares of eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Stifel Nicolaus cut their price objective on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.54.

Institutional Trading of eBay

Several hedge funds have recently modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new stake in eBay during the 4th quarter valued at $27,000. Orion Capital Management LLC bought a new stake in shares of eBay during the fourth quarter worth $27,000. Pinney & Scofield Inc. bought a new stake in shares of eBay during the fourth quarter worth $31,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay in the fourth quarter valued at $33,000. Finally, Quarry LP bought a new position in shares of eBay in the third quarter valued at about $36,000. Institutional investors and hedge funds 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.