Sigma Planning Corp Invests $217,000 in eBay Inc. (NASDAQ:EBAY)

Sigma Planning Corp purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,328 shares of the e-commerce company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after purchasing an additional 153 shares in the last quarter. Optas LLC raised its stake in eBay by 0.5% during the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after buying an additional 171 shares during the last quarter. Davis Investment Partners LLC raised its stake in eBay by 0.8% during the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after buying an additional 180 shares during the last quarter. Quent Capital LLC boosted its holdings in eBay by 6.8% in the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after acquiring an additional 202 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in shares of eBay by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock worth $405,000 after acquiring an additional 219 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Down 1.4 %

NASDAQ:EBAY opened at $61.43 on Monday. eBay Inc. has a one year low of $38.97 and a one year high of $67.80. The business has a fifty day moving average price of $63.53 and a 200-day moving average price of $57.55. The firm has a market capitalization of $29.42 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, November 29th. eBay’s payout ratio is 27.14%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Piper Sandler upped their target price on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Wells Fargo & Company reduced their price target on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Morgan Stanley boosted their price objective on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Benchmark reiterated a “buy” rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.87.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock worth $3,015,417 over the last quarter. 0.38% of the stock is currently owned by corporate insiders.

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.