Vinva Investment Management Ltd Cuts Position in eBay Inc. (NASDAQ:EBAY)

Vinva Investment Management Ltd cut its stake in eBay Inc. (NASDAQ:EBAY) by 66.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,805 shares of the e-commerce company’s stock after selling 48,669 shares during the quarter. Vinva Investment Management Ltd’s holdings in eBay were worth $1,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay in the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC increased its holdings in shares of eBay by 894.2% in the 2nd 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 last quarter. Hobbs Group Advisors LLC bought a new stake in shares of eBay in the 2nd quarter valued at approximately $29,000. LRI Investments LLC acquired a new stake in shares of eBay during the 1st quarter valued at approximately $29,000. Finally, USA Financial Formulas bought a new position in eBay during the third quarter worth $38,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several recent research reports. UBS Group lowered their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Daiwa America raised shares of eBay to a “hold” rating in a report on Wednesday, August 14th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Needham & Company LLC reissued a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $62.87.

eBay Stock Down 1.6 %

EBAY stock opened at $63.29 on Friday. The firm’s 50-day moving average is $63.63 and its two-hundred day moving average is $58.34. The company has a market capitalization of $30.32 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.27 dividend. 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 1.71%. eBay’s dividend payout ratio (DPR) is 27.14%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred 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 owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is owned by corporate 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.