eBay Inc. (NASDAQ:EBAY) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 94.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,736 shares of the e-commerce company’s stock after selling 44,483 shares during the quarter. Van ECK Associates Corp’s holdings in eBay were worth $174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of eBay in the second quarter valued at approximately $26,000. Tortoise Investment Management LLC boosted its holdings in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares during the period. LRI Investments LLC acquired a new stake in shares of eBay in the first quarter valued at approximately $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of eBay in the second quarter valued at approximately $29,000. Finally, Gradient Investments LLC boosted its holdings in shares of eBay by 86.3% in the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after acquiring an additional 284 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EBAY shares. Citigroup upped their price target on eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. UBS Group cut their price target on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Piper Sandler upped their price target on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company cut their price target on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $62.87.

eBay Stock Up 0.6 %

Shares of NASDAQ:EBAY opened at $61.89 on Thursday. The stock’s 50-day moving average price is $63.37 and its two-hundred day moving average price is $57.34. 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 Inc. has a 12-month low of $38.97 and a 12-month high of $67.80. The firm has a market cap of $29.65 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.02 and a beta of 1.34.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is 27.14%.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $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 is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,016 shares of company stock valued at $3,015,417. Insiders own 0.38% of the company’s stock.

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.