International Assets Investment Management LLC lowered its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 99.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,673 shares of the e-commerce company's stock after selling 580,340 shares during the period. International Assets Investment Management LLC's holdings in eBay were worth $291,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of eBay during the third quarter valued at about $36,000. USA Financial Formulas purchased a new stake in shares of eBay during the 3rd quarter worth approximately $38,000. Northwest Investment Counselors LLC bought a new position in shares of eBay during the 3rd quarter valued at approximately $50,000. Versant Capital Management Inc grew its holdings in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after purchasing an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its position in eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company's stock worth $55,000 after purchasing an additional 621 shares during the last quarter. Institutional investors own 87.48% of the company's stock.
Insider Buying and Selling at eBay
In related news, SVP Cornelius Boone sold 3,989 shares of the business's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares of the company's stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the firm's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,283 shares of company stock valued at $1,715,462. Corporate insiders own 0.38% of the company's stock.
Analysts Set New Price Targets
EBAY has been the topic of several recent research reports. Morgan Stanley upped their target price on shares of eBay from $65.00 to $71.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on eBay from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Piper Sandler boosted their price objective on shares of eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of eBay from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Benchmark reaffirmed a "buy" rating and set a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.92.
View Our Latest Research Report on eBay
eBay Stock Down 1.4 %
eBay stock traded down $0.90 during midday trading on Monday, reaching $65.00. The company's stock had a trading volume of 456,882 shares, compared to its average volume of 6,717,555. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $31.14 billion, a P/E ratio of 16.33, a PEG ratio of 2.22 and a beta of 1.35. The stock's 50-day simple moving average is $63.23 and its 200-day simple moving average is $60.66. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $71.52.
eBay Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.66%. eBay's dividend payout ratio is presently 27.14%.
eBay Company Profile
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Free Report)
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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