eBay Inc. (NASDAQ:EBAY) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,405 shares of the e-commerce company’s stock after selling 1,758 shares during the quarter. Amalgamated Bank’s holdings in eBay were worth $6,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EBAY. Golden State Wealth Management LLC purchased a new position in eBay during the fourth quarter worth approximately $27,000. Quarry LP acquired a new stake in shares of eBay during the 3rd quarter worth $36,000. New Wave Wealth Advisors LLC purchased a new position in shares of eBay in the 4th quarter worth $36,000. Versant Capital Management Inc boosted its holdings in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of eBay in the 3rd quarter worth about $55,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler boosted their target price on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Truist Financial raised their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. JMP Securities restated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a report on Tuesday, November 5th. Finally, Mizuho boosted their price objective on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus price target of $63.38.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,149 shares of company stock valued at $1,746,065. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Down 2.5 %

Shares of eBay stock opened at $69.14 on Thursday. The business has a 50-day moving average price of $66.24 and a 200 day moving average price of $63.67. eBay Inc. has a fifty-two week low of $46.53 and a fifty-two week high of $71.61. The firm has a market cap of $33.12 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.22 and a beta of 1.35. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.68%. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s payout ratio is 27.14%.

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.