Thrivent Financial for Lutherans Sells 58,178 Shares of eBay Inc. (NASDAQ:EBAY)

Thrivent Financial for Lutherans reduced its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,840,541 shares of the e-commerce company's stock after selling 58,178 shares during the quarter. Thrivent Financial for Lutherans owned 0.38% of eBay worth $114,022,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smithfield Trust Co raised its stake in shares of eBay by 3.6% during the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock worth $274,000 after acquiring an additional 153 shares in the last quarter. Cypress Wealth Services LLC raised its stake in shares of eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after acquiring an additional 157 shares in the last quarter. IFP Advisors Inc raised its stake in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock worth $150,000 after acquiring an additional 163 shares in the last quarter. Capital Investment Advisors LLC raised its stake in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after acquiring an additional 167 shares in the last quarter. Finally, Bailard Inc. raised its stake in shares of eBay by 0.5% during the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock worth $2,147,000 after acquiring an additional 169 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the sale, the chief executive officer now directly owns 542,248 shares of the company's stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,241 shares of company stock valued at $1,061,665 in the last quarter. 0.38% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EBAY shares. Bank of America decreased their price target on shares of eBay from $72.00 to $71.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, February 27th. Morgan Stanley lifted their target price on shares of eBay from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Jefferies Financial Group downgraded shares of eBay from a "hold" rating to an "underperform" rating and decreased their target price for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of eBay in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, eBay currently has an average rating of "Hold" and a consensus price target of $65.54.

eBay Stock Down 0.8 %

Shares of EBAY traded down $0.56 during trading hours on Friday, hitting $65.78. The company had a trading volume of 15,353,333 shares, compared to its average volume of 4,755,448. The firm has a fifty day moving average price of $66.99 and a 200-day moving average price of $64.64. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $30.65 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 2.22 and a beta of 1.45. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, March 14th. This is a positive change from eBay's previous quarterly dividend of $0.27. eBay's payout ratio is currently 29.07%.

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.