eBay Inc. (NASDAQ:EBAY – Get Free Report) SVP Jordan Douglas Bradle Sweetnam sold 1,006 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $82.04, for a total transaction of $82,532.24. Following the transaction, the senior vice president directly owned 3,868 shares in the company, valued at approximately $317,330.72. This trade represents a 20.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jordan Douglas Bradle Sweetnam also recently made the following trade(s):
- On Tuesday, November 4th, Jordan Douglas Bradle Sweetnam sold 35,305 shares of eBay stock. The shares were sold at an average price of $81.54, for a total transaction of $2,878,769.70.
eBay Price Performance
Shares of EBAY stock traded up $0.24 during midday trading on Friday, reaching $80.29. 797,656 shares of the company traded hands, compared to its average volume of 5,631,770. The firm’s 50 day simple moving average is $89.30 and its two-hundred day simple moving average is $84.34. The firm has a market cap of $36.29 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. eBay Inc. has a 1-year low of $58.71 and a 1-year high of $101.15.
eBay Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a $0.29 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.4%. eBay’s dividend payout ratio is currently 25.22%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on EBAY shares. Benchmark lifted their price objective on eBay from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Mizuho initiated coverage on eBay in a research report on Monday, September 29th. They set a “neutral” rating and a $98.00 price target for the company. Wedbush upped their price objective on eBay from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Susquehanna increased their price objective on eBay from $70.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of eBay in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nineteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $94.69.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of EBAY. Centaurus Financial Inc. raised its stake in eBay by 6.7% during the third quarter. Centaurus Financial Inc. now owns 8,641 shares of the e-commerce company’s stock worth $786,000 after purchasing an additional 546 shares during the period. First Affirmative Financial Network increased its holdings in shares of eBay by 6.8% during the 3rd quarter. First Affirmative Financial Network now owns 3,445 shares of the e-commerce company’s stock worth $313,000 after buying an additional 219 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of eBay by 98.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,000 shares of the e-commerce company’s stock worth $364,000 after buying an additional 1,982 shares during the period. Captrust Financial Advisors raised its position in shares of eBay by 9.5% in the 3rd quarter. Captrust Financial Advisors now owns 23,274 shares of the e-commerce company’s stock worth $2,117,000 after buying an additional 2,011 shares during the period. Finally, Coldstream Capital Management Inc. boosted its holdings in eBay by 11.5% in the third quarter. Coldstream Capital Management Inc. now owns 48,257 shares of the e-commerce company’s stock valued at $4,389,000 after acquiring an additional 4,981 shares during the last quarter. 87.48% of the stock is currently 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.
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