Trust Co. of Vermont Sells 4,500 Shares of eBay Inc. (NASDAQ:EBAY)

Trust Co. of Vermont cut its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,646 shares of the e-commerce company's stock after selling 4,500 shares during the period. Trust Co. of Vermont's holdings in eBay were worth $969,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of eBay during the third quarter worth approximately $36,000. USA Financial Formulas bought a new stake in eBay during the 3rd quarter valued at $38,000. Northwest Investment Counselors LLC acquired a new position in eBay during the 3rd quarter worth $50,000. Versant Capital Management Inc grew its stake 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 worth $52,000 after purchasing an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in shares of eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company's stock valued at $55,000 after purchasing an additional 621 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,141,040.40. This represents a 7.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,149 shares of company stock worth $1,704,778. 0.38% of the stock is owned by company insiders.

eBay Stock Up 1.7 %

NASDAQ:EBAY traded up $1.13 during trading hours on Friday, hitting $66.19. 3,717,872 shares of the company's stock traded hands, compared to its average volume of 4,580,482. The stock's fifty day moving average price is $63.63 and its two-hundred day moving average price is $61.03. The firm has a market cap of $31.71 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.10 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a twelve month low of $40.33 and a twelve month high of $71.52.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Friday, November 29th. eBay's dividend payout ratio (DPR) is 27.14%.

Analyst Ratings Changes

EBAY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of eBay from $70.00 to $63.00 and set a "buy" rating for the company in a report on Friday, November 1st. Truist Financial increased their price objective on shares of eBay from $58.00 to $62.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. TD Cowen boosted their target price on eBay from $45.00 to $54.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Wedbush assumed coverage on eBay in a research report on Monday, December 9th. They issued a "neutral" rating and a $70.00 target price for the company. Finally, Jefferies Financial Group cut eBay from a "hold" rating to an "underperform" rating and lowered their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.83.

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.