eBay Inc. (NASDAQ:EBAY) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 40.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,301 shares of the e-commerce company's stock after selling 20,382 shares during the quarter. eBay makes up approximately 0.6% of Cornercap Investment Counsel Inc.'s holdings, making the stock its 14th biggest holding. Cornercap Investment Counsel Inc.'s holdings in eBay were worth $1,973,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of eBay during the 2nd quarter valued at $26,000. Tortoise Investment Management LLC raised its stake in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock worth $28,000 after purchasing an additional 465 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of eBay during the 2nd quarter worth approximately $29,000. LRI Investments LLC acquired a new stake in shares of eBay during the 1st quarter worth $29,000. Finally, USA Financial Formulas acquired a new stake in shares of eBay during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 3,974 shares of the business's 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. This trade represents 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. Insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Evercore ISI increased their price target on eBay from $47.00 to $53.00 and gave the company an "in-line" rating in a research note on Thursday, August 1st. StockNews.com cut eBay from a "buy" rating to a "hold" rating in a research note on Monday. Jefferies Financial Group increased their price target on eBay from $58.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company decreased their price target 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. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $62.87.

eBay Price Performance

Shares of EBAY stock traded down $0.87 during mid-day trading on Friday, hitting $61.43. 5,164,210 shares of the stock were exchanged, compared to its average volume of 5,422,055. The company has a market cap of $29.42 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 2.03 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 Inc. has a 52-week low of $38.97 and a 52-week high of $67.80. The firm has a fifty day moving average of $63.49 and a 200 day moving average of $57.40.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.76%. eBay's dividend payout ratio is currently 27.14%.

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.