Charles Schwab Investment Management Inc. Reduces Position in eBay Inc. (NASDAQ:EBAY)

Charles Schwab Investment Management Inc. lowered its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,354,053 shares of the e-commerce company's stock after selling 76,000 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.70% of eBay worth $218,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of eBay during the second quarter valued at approximately $26,000. Tortoise Investment Management LLC boosted its position in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock valued at $28,000 after acquiring an additional 465 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of eBay during the 2nd quarter worth approximately $29,000. LRI Investments LLC bought a new position in shares of eBay in the 1st quarter worth approximately $29,000. Finally, USA Financial Formulas bought a new stake in shares of eBay during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the firm's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock worth $3,015,417 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EBAY shares. Barclays dropped their price objective on shares of eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price objective on eBay from $63.00 to $62.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Jefferies Financial Group increased their target price on eBay from $58.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of eBay from $70.00 to $63.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of eBay from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $62.87.

eBay Trading Up 3.0 %

eBay stock traded up $1.83 during midday trading on Friday, reaching $63.24. The stock had a trading volume of 3,104,477 shares, compared to its average volume of 4,834,939. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80. The company has a fifty day moving average of $63.55 and a 200 day moving average of $57.92. The firm has a market cap of $30.29 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay's dividend payout ratio is presently 27.14%.

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.