eBay Inc. (NASDAQ:EBAY) Shares Sold by Huntington National Bank

Huntington National Bank lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 0.5% in the fourth quarter, HoldingsChannel reports. The fund owned 31,265 shares of the e-commerce company’s stock after selling 162 shares during the quarter. Huntington National Bank’s holdings in eBay were worth $1,937,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EBAY. Smithfield Trust Co boosted its holdings in eBay by 3.6% in the fourth quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after acquiring an additional 153 shares during the last quarter. Cypress Wealth Services LLC raised its holdings in shares of eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after purchasing an additional 157 shares during the period. IFP Advisors Inc lifted its stake in shares of eBay by 7.2% in the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after purchasing an additional 163 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in shares of eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after purchasing an additional 167 shares during the period. Finally, Bailard Inc. grew its holdings in shares of eBay by 0.5% during the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock worth $2,147,000 after purchasing an additional 169 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Trading Down 1.6 %

Shares of NASDAQ EBAY opened at $66.36 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock’s 50 day moving average price is $67.31 and its two-hundred day moving average price is $65.04. eBay Inc. has a 52-week low of $48.52 and a 52-week high of $71.61. The stock has a market capitalization of $30.92 billion, a P/E ratio of 16.67, a PEG ratio of 2.22 and a beta of 1.43.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.29 per share. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio is currently 29.07%.

Analyst Ratings Changes

A number of brokerages have weighed in on EBAY. Susquehanna lifted their price target on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Bank of America reduced their target price on shares of eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Benchmark increased their price target on eBay from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Stifel Nicolaus decreased their target price on eBay from $64.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.46.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at approximately $35,709,615.50. This represents a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. The trade was a 1.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,676 shares of company stock worth $2,613,807 over the last ninety days. 0.38% of the stock is 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.