Aster Capital Management DIFC Ltd Sells 9,248 Shares of eBay Inc. (NASDAQ:EBAY)

Aster Capital Management DIFC Ltd trimmed its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 57.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,825 shares of the e-commerce company's stock after selling 9,248 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in eBay were worth $423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IHT Wealth Management LLC acquired a new position in shares of eBay during the 3rd quarter worth about $244,000. Quarry LP purchased a new stake in shares of eBay in the third quarter valued at about $36,000. Quantinno Capital Management LP raised its stake in shares of eBay by 15.2% during the 3rd quarter. Quantinno Capital Management LP now owns 81,538 shares of the e-commerce company's stock worth $5,309,000 after buying an additional 10,787 shares in the last quarter. Weiss Asset Management LP acquired a new stake in eBay in the third quarter valued at $783,000. Finally, Wellington Management Group LLP purchased a new stake in eBay during the third quarter worth about $105,506,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 7,500 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the transaction, the chief executive officer now directly owns 590,108 shares of the company's stock, valued at $39,153,665.80. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,176 shares of company stock worth $3,111,432 over the last 90 days. Insiders own 0.38% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday. Benchmark lifted their price target on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of eBay in a report on Monday, December 16th. Needham & Company LLC restated a "buy" rating and issued a $72.00 target price on shares of eBay in a report on Thursday, February 27th. Finally, Wells Fargo & Company cut their price target on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $65.21.

eBay Stock Down 0.7 %

EBAY stock traded down $0.43 during midday trading on Thursday, hitting $61.53. 3,382,195 shares of the company's stock were exchanged, compared to its average volume of 4,932,820. The stock has a market capitalization of $28.67 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The firm has a 50 day moving average price of $66.64 and a 200-day moving average price of $64.94. 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 Inc. has a 12-month low of $48.52 and a 12-month high of $71.61.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio is 29.07%.

eBay 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.