Mutual of America Capital Management LLC Reduces Holdings in eBay Inc. (NASDAQ:EBAY)

Mutual of America Capital Management LLC lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,249 shares of the e-commerce company’s stock after selling 3,608 shares during the period. Mutual of America Capital Management LLC’s holdings in eBay were worth $3,923,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC raised 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 worth $28,000 after acquiring an additional 465 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of eBay in the first quarter valued at $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of eBay during the second quarter valued at $29,000. Finally, Gradient Investments LLC increased its position in eBay by 86.3% during the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after purchasing an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

Shares of EBAY stock opened at $61.51 on Friday. 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 company’s fifty day moving average price is $63.56 and its two-hundred day moving average price is $57.77. The firm has a market capitalization of $29.46 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.59 and a beta of 1.34. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid 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 yield of 1.76%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EBAY shares. UBS Group reduced their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Robert W. Baird reduced their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley lifted their price objective on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.87.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock worth $3,015,417 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

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.