Voya Investment Management LLC Has $9.27 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Voya Investment Management LLC lowered its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,705 shares of the e-commerce company's stock after selling 12,245 shares during the period. Voya Investment Management LLC's holdings in eBay were worth $9,274,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EBAY. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of eBay in the third quarter worth $203,000. World Investment Advisors LLC acquired a new stake in shares of eBay in the third quarter worth $2,947,000. Arvest Bank Trust Division acquired a new stake in shares of eBay in the third quarter worth $9,716,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of eBay in the third quarter worth $241,000. Finally, Tidal Investments LLC grew its stake in shares of eBay by 7.5% in the third quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company's stock worth $4,376,000 after acquiring an additional 4,677 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of eBay from $71.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company decreased their price target on shares of eBay from $64.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Benchmark lifted their price target on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. StockNews.com upgraded shares of eBay from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Cantor Fitzgerald lifted their price target on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, eBay presently has a consensus rating of "Hold" and an average target price of $64.79.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,310 shares of company stock valued at $3,121,626 in the last ninety days. 0.38% of the stock is owned by insiders.

eBay Stock Performance

Shares of EBAY stock opened at $66.32 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $30.91 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. The stock has a 50-day moving average of $65.99 and a 200-day moving average of $64.96. eBay Inc. has a one year low of $48.52 and a one year high of $71.61.

eBay Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. The ex-dividend date was Friday, March 14th. This is a boost from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.75%. eBay's dividend payout ratio is 29.07%.

eBay Company 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.

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