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

Prospector Partners LLC decreased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,125 shares of the e-commerce company’s stock after selling 5,200 shares during the period. Prospector Partners LLC’s holdings in eBay were worth $3,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EBAY. Ameriprise Financial Inc. increased its stake in shares of eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after acquiring an additional 3,880,649 shares during the period. Swedbank AB acquired a new position in shares of eBay during the 1st quarter valued at $73,777,000. Altshuler Shaham Ltd bought a new stake in shares of eBay in the 2nd quarter worth $71,593,000. LSV Asset Management lifted its holdings in shares of eBay by 22.2% in the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after buying an additional 1,216,885 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of eBay in the second quarter valued at $49,924,000. 87.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on EBAY. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Tuesday, November 5th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 target price on shares of eBay in a report on Monday, October 7th. Wells Fargo & Company reduced their target price on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Piper Sandler upped their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus raised their price objective on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.87.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the sale, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

eBay Trading Up 2.8 %

Shares of NASDAQ:EBAY opened at $64.99 on Tuesday. The firm has a fifty day moving average of $63.57 and a two-hundred day moving average of $58.08. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The firm has a market capitalization of $31.13 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34.

eBay Announces Dividend

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 dividend of $0.27 per share. 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 1.66%. eBay’s payout ratio is 27.14%.

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.