Guggenheim Capital LLC Sells 28,461 Shares of eBay Inc. (NASDAQ:EBAY)

Guggenheim Capital LLC trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 65.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,207 shares of the e-commerce company's stock after selling 28,461 shares during the period. Guggenheim Capital LLC's holdings in eBay were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new position in shares of eBay in the fourth quarter worth $27,000. New Wave Wealth Advisors LLC acquired a new position in eBay in the 4th quarter worth about $36,000. Lee Danner & Bass Inc. purchased a new stake in shares of eBay during the 4th quarter worth about $40,000. Versant Capital Management Inc grew its stake in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company's stock valued at $52,000 after buying an additional 448 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its holdings in eBay by 37.8% in the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock worth $52,000 after buying an additional 230 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of analyst reports. Sanford C. Bernstein cut shares of eBay from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $70.00 to $65.00 in a research note on Tuesday. Wells Fargo & Company reduced their price objective on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. StockNews.com downgraded shares of eBay from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Bank of America reduced their price target on eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Finally, Cantor Fitzgerald upped their price target on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $64.79.

eBay Price Performance

Shares of eBay stock traded up $0.63 during trading on Friday, hitting $67.83. 4,200,775 shares of the company's stock traded hands, compared to its average volume of 4,954,527. The company has a market cap of $31.61 billion, a PE ratio of 17.04, a PEG ratio of 2.22 and a beta of 1.43. The firm's fifty day moving average price is $66.09 and its 200 day moving average price is $64.98. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. This is an increase from eBay's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 14th. eBay's payout ratio is presently 29.07%.

Insider Activity

In other news, CFO Stephen J. Priest sold 28,060 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,413,725.60. The trade was a 30.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,310 shares of company stock worth $3,121,626. Company insiders own 0.38% of the company's stock.

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.