Legal Advantage Investments Inc. Sells 400 Shares of eBay Inc. (NASDAQ:EBAY)

Legal Advantage Investments Inc. lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,250 shares of the e-commerce company’s stock after selling 400 shares during the period. Legal Advantage Investments Inc.’s holdings in eBay were worth $387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AE Wealth Management LLC boosted its stake in shares of eBay by 19.0% during the second quarter. AE Wealth Management LLC now owns 51,674 shares of the e-commerce company’s stock valued at $2,776,000 after purchasing an additional 8,254 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in shares of eBay by 92.7% during the second quarter. Summit Trail Advisors LLC now owns 16,542 shares of the e-commerce company’s stock valued at $889,000 after purchasing an additional 7,958 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of eBay by 389.2% during the second quarter. Ensign Peak Advisors Inc now owns 162,094 shares of the e-commerce company’s stock valued at $8,708,000 after purchasing an additional 128,960 shares in the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of eBay by 10,850.0% during the second quarter. Frank Rimerman Advisors LLC now owns 5,475 shares of the e-commerce company’s stock valued at $294,000 after purchasing an additional 5,425 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in shares of eBay by 6.9% during the second quarter. Fidelis Capital Partners LLC now owns 3,716 shares of the e-commerce company’s stock valued at $205,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on EBAY. Piper Sandler lifted their price objective on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price target on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and dropped their price target for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. Citigroup boosted their price objective on eBay from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, The Goldman Sachs Group boosted their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.83.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 5,252 shares of eBay stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,141,040.40. The trade was a 7.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,149 shares of company stock valued at $1,704,778. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $66.19 on Tuesday. The company has a market cap of $31.71 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35. 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 50-day moving average price of $63.63 and a 200-day moving average price of $61.09. eBay Inc. has a 12-month low of $40.33 and a 12-month high of $71.52.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. eBay’s dividend 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.