eBay Inc. (NASDAQ:EBAY) Shares Sold by Rocky Mountain Advisers LLC

Rocky Mountain Advisers LLC decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 23.3% in the third quarter, HoldingsChannel reports. The firm owned 2,552 shares of the e-commerce company’s stock after selling 774 shares during the quarter. Rocky Mountain Advisers LLC’s holdings in eBay were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of eBay during the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC lifted its holdings in eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares during the period. Hobbs Group Advisors LLC purchased a new stake in eBay in the 2nd quarter worth approximately $29,000. Washington Trust Advisors Inc. acquired a new stake in shares of eBay during the 1st quarter worth approximately $30,000. Finally, LRI Investments LLC purchased a new position in shares of eBay during the 1st quarter valued at approximately $29,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EBAY shares. Barclays dropped their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Wolfe Research started coverage on eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Truist Financial increased their price target on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Mizuho boosted their price objective on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, TD Cowen increased their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.87.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,016 shares of company stock valued at $3,015,417. Corporate insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of EBAY opened at $61.89 on Friday. The firm has a 50-day simple moving average of $63.24 and a two-hundred day simple moving average of $57.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1-year low of $38.60 and a 1-year high of $67.80. The stock has a market cap of $29.65 billion, a PE ratio of 15.55, a P/E/G ratio of 2.00 and a beta of 1.34.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, November 29th. 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.