Cornelius Boone Sells 2,985 Shares of eBay Inc. (NASDAQ:EBAY) Stock

eBay Inc. (NASDAQ:EBAY) SVP Cornelius Boone sold 2,985 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the sale, the senior vice president now owns 92,053 shares of the company’s stock, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 stock was sold at an average price of $67.06, for a total transaction of $265,423.48.

eBay Price Performance

Shares of EBAY opened at $77.44 on Friday. The company has a market capitalization of $35.70 billion, a P/E ratio of 19.46, 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. The firm has a 50 day moving average of $69.86 and a 200 day moving average of $67.17. eBay Inc. has a twelve month low of $51.72 and a twelve month high of $79.84.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 earnings per share. As a group, equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

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

Institutional Investors Weigh In On eBay

Large investors have recently added to or reduced their stakes in the stock. Wealth Preservation Advisors LLC bought a new stake in eBay in the 1st quarter worth approximately $26,000. Abound Financial LLC purchased a new position in shares of eBay during the 1st quarter worth $29,000. Golden State Wealth Management LLC purchased a new position in shares of eBay during the 4th quarter worth $27,000. Orion Capital Management LLC purchased a new position in shares of eBay during the 4th quarter worth $27,000. Finally, Pinney & Scofield Inc. purchased a new position in shares of eBay during the 4th quarter worth $31,000. Institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of several research analyst reports. Robert W. Baird raised their price objective on shares of eBay from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. 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 report on Tuesday, April 22nd. Bank of America lowered their price objective on shares of eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. raised their price objective on shares of eBay from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Finally, Wedbush restated a “neutral” rating and issued a $72.00 price objective on shares of eBay in a report on Wednesday. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.