eBay Inc. (NASDAQ:EBAY) Shares Sold by Fmr LLC

Fmr LLC reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 23.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,271,724 shares of the e-commerce company’s stock after selling 1,005,360 shares during the period. Fmr LLC’s holdings in eBay were worth $213,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in eBay by 0.3% in the 3rd 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 during the last quarter. Optas LLC raised its position in shares of eBay by 0.5% in 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 position in shares of eBay by 0.8% in 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. Arvest Investments Inc. lifted its stake in shares of eBay by 1.2% during the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock valued at $990,000 after buying an additional 183 shares during the period. Finally, Marco Investment Management LLC boosted its position in eBay by 2.0% during the third quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company’s stock worth $673,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EBAY. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 price objective on shares of eBay in a report on Monday, October 7th. Wells Fargo & Company lowered their price target on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Mizuho increased their price objective on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Truist Financial boosted their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Benchmark reaffirmed a “buy” rating and set a $65.00 price target 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 given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $63.17 on Tuesday. The business has a fifty day moving average of $63.62 and a 200-day moving average of $58.50. The firm has a market cap of $30.26 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a twelve month low of $40.16 and a twelve month high of $67.80.

eBay Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the sale, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. This represents a 1.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The stock was 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 $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is currently owned by 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.