eBay Inc. (NASDAQ:EBAY) Shares Sold by Citigroup Inc.

Citigroup Inc. lessened its position in shares of eBay Inc. (NASDAQ:EBAY) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 804,566 shares of the e-commerce company’s stock after selling 157,142 shares during the quarter. Citigroup Inc.’s holdings in eBay were worth $52,385,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC boosted its position in eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after buying an additional 21,636 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after acquiring an additional 60,544 shares during the last quarter. PGGM Investments increased its stake in shares of eBay by 88.0% in the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after acquiring an additional 28,604 shares during the period. Prospera Financial Services Inc raised its holdings in shares of eBay by 794.2% during the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in eBay by 234.7% during the second quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company’s stock valued at $9,806,000 after purchasing an additional 127,991 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Up 3.0 %

NASDAQ EBAY opened at $63.24 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. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. The business’s fifty day simple moving average is $63.55 and its 200-day simple moving average is $57.92. The firm has a market cap of $30.29 billion, a PE ratio of 15.89, a P/E/G ratio of 1.60 and a beta of 1.34.

eBay Dividend Announcement

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

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on 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 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 is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This trade represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,016 shares of company stock worth $3,015,417. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EBAY shares. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price target on shares of eBay in a research report on Thursday, October 31st. Evercore ISI lifted their price target on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. Citigroup upped their price objective on eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $65.00 target price on shares of eBay in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.87.

About eBay

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.