FMR LLC reduced its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 23.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,271,724 shares of the e-commerce company's stock after selling 1,005,360 shares during the quarter. FMR LLC owned about 0.68% of eBay worth $213,022,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay in the second quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its position in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock worth $28,000 after acquiring an additional 465 shares during the period. Hobbs Group Advisors LLC purchased a new position in eBay during the second quarter valued at $29,000. Gradient Investments LLC lifted its holdings in eBay by 86.3% during the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company's stock valued at $33,000 after purchasing an additional 284 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of eBay in the third quarter valued at about $38,000. 87.48% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently commented on the company. Jefferies Financial Group increased their price objective on eBay from $58.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their price target on shares of eBay from $56.00 to $64.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Bank of America dropped their price objective on shares of eBay from $67.00 to $64.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Cantor Fitzgerald restated a "neutral" rating and set a $62.00 target price on shares of eBay in a report on Monday, October 7th. Finally, Wells Fargo & Company dropped their price target on eBay from $63.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $62.87.
Check Out Our Latest Report on eBay
eBay Stock Performance
NASDAQ EBAY traded down $0.12 on Tuesday, hitting $63.17. 4,655,688 shares of the company's stock were exchanged, compared to its average volume of 4,012,005. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The firm has a market cap of $30.26 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 1.66 and a beta of 1.35. The firm's 50-day moving average price is $63.62 and its two-hundred day moving average price is $58.50.
eBay Announces Dividend
The business 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 $0.27 dividend. 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 1.71%. eBay's dividend payout ratio (DPR) is 27.14%.
Insiders Place Their Bets
In other news, CFO Stephen J. Priest sold 25,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,016 shares of company stock valued at $3,015,417. Company insiders own 0.38% of the company's stock.
eBay Profile
(
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.
See Also
Before you consider eBay, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and eBay wasn't on the list.
While eBay currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
