D.A. Davidson & CO. Sells 211 Shares of eBay Inc. (NASDAQ:EBAY)

D.A. Davidson & CO. reduced its stake in eBay Inc. (NASDAQ:EBAY) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,521 shares of the e-commerce company’s stock after selling 211 shares during the period. D.A. Davidson & CO.’s holdings in eBay were worth $945,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers increased its position in eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after buying an additional 60,544 shares in the last quarter. Cetera Advisors LLC grew its stake in eBay by 106.7% in the first quarter. Cetera Advisors LLC now owns 13,777 shares of the e-commerce company’s stock valued at $727,000 after acquiring an additional 7,112 shares during the period. GAMMA Investing LLC increased its holdings in shares of eBay by 123.7% during the second quarter. GAMMA Investing LLC now owns 6,017 shares of the e-commerce company’s stock valued at $323,000 after acquiring an additional 3,327 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of eBay by 41.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 884 shares of the e-commerce company’s stock worth $47,000 after purchasing an additional 258 shares during the period. Finally, DNB Asset Management AS lifted its holdings in shares of eBay by 4.4% in the 2nd quarter. DNB Asset Management AS now owns 91,990 shares of the e-commerce company’s stock worth $4,942,000 after purchasing an additional 3,906 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,167 shares of eBay 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 approximately $4,336,213.77. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares in the company, valued at approximately $36,963,542.19. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EBAY has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. The Goldman Sachs Group raised their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Citigroup lifted their price target on eBay from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Morgan Stanley increased their price objective on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 target price on shares of eBay in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $62.87.

eBay Price Performance

Shares of NASDAQ EBAY opened at $63.29 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $63.63 and a two-hundred day simple moving average of $58.43. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. eBay’s payout ratio is 27.14%.

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.