eBay Inc. (NASDAQ:EBAY) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd cut its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 51.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,296 shares of the e-commerce company's stock after selling 23,170 shares during the period. Plato Investment Management Ltd's holdings in eBay were worth $1,450,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EBAY. D Orazio & Associates Inc. raised its stake in shares of eBay by 14.5% in the 3rd quarter. D Orazio & Associates Inc. now owns 6,467 shares of the e-commerce company's stock valued at $421,000 after buying an additional 821 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in eBay during the third quarter worth $256,000. Chase Investment Counsel Corp acquired a new stake in shares of eBay in the 3rd quarter valued at $6,524,000. Aptus Capital Advisors LLC acquired a new stake in shares of eBay in the 3rd quarter valued at $213,000. Finally, GSA Capital Partners LLP bought a new position in eBay during the 3rd quarter valued at about $865,000. Institutional investors own 87.48% of the company's stock.

Insider Buying and Selling at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the firm's stock in a transaction that occurred 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 directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock valued at $3,015,417 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Down 1.4 %

NASDAQ:EBAY traded down $0.87 on Friday, reaching $61.43. 5,167,609 shares of the stock traded hands, compared to its average volume of 5,422,070. eBay Inc. has a 12 month low of $38.97 and a 12 month high of $67.80. The company's fifty day simple moving average is $63.49 and its 200 day simple moving average is $57.40. The company has a market capitalization of $29.42 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.03 and a beta of 1.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 1.76%. eBay's payout ratio is currently 27.14%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Susquehanna lifted their price objective on eBay from $52.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. UBS Group reduced their price objective on shares of eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Robert W. Baird reduced their target price on eBay from $70.00 to $68.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group boosted their price objective on shares of eBay from $58.00 to $65.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Finally, Bank of America reduced their target price on eBay from $67.00 to $64.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, eBay has an average rating of "Hold" and an average price target of $62.87.

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.