abrdn plc Sells 63,235 Shares of eBay Inc. (NASDAQ:EBAY)

abrdn plc decreased its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 19.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,972 shares of the e-commerce company's stock after selling 63,235 shares during the quarter. abrdn plc owned 0.05% of eBay worth $16,968,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC increased its stake in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock valued at $28,000 after purchasing an additional 465 shares during the last quarter. LRI Investments LLC acquired a new position in shares of eBay during the 1st quarter worth $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay during the 2nd quarter worth $29,000. Finally, Washington Trust Advisors Inc. acquired a new stake in eBay in the first quarter valued at about $30,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Up 1.0 %

Shares of EBAY stock traded up $0.60 during mid-day trading on Friday, hitting $58.11. The company's stock had a trading volume of 7,848,154 shares, compared to its average volume of 5,459,002. The company has a market cap of $28.42 billion, a PE ratio of 14.60, a P/E/G ratio of 1.95 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The company's fifty day simple moving average is $62.99 and its 200-day simple moving average is $56.77. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $67.80.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 30.15% and a net margin of 19.68%. As a group, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.86%. eBay's payout ratio is presently 27.14%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Benchmark reissued a "buy" rating and set a $65.00 target price on shares of eBay in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of eBay from $70.00 to $63.00 and set a "buy" rating for the company in a research note on Friday. Citigroup boosted their target price on shares of eBay from $65.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday. UBS Group lowered their price target on shares of eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Stifel Nicolaus raised their price objective on eBay from $56.00 to $64.00 and gave the company a "hold" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $61.86.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay 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 sale, the chief financial officer now directly owns 70,332 shares of the company's stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares of the company's stock, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was 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 owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,391 shares of company stock valued at $2,678,424 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

About eBay

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.