eBay Inc. (NASDAQ:EBAY) Shares Sold by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC decreased its stake in eBay Inc. (NASDAQ:EBAY) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,637 shares of the e-commerce company’s stock after selling 229 shares during the period. Coppell Advisory Solutions LLC’s holdings in eBay were worth $102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new position in eBay in the fourth quarter valued at $27,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the 4th quarter valued at about $36,000. Transce3nd LLC purchased a new position in eBay during the 4th quarter worth approximately $36,000. Lee Danner & Bass Inc. acquired a new position in eBay during the fourth quarter worth approximately $40,000. Finally, Versant Capital Management Inc lifted its stake 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 buying an additional 448 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total value of $378,281.25. Following the sale, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. This represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,413,725.60. The trade was a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,310 shares of company stock worth $3,121,626 over the last ninety days. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

EBAY has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of eBay from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley reduced their target price on shares of eBay from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Benchmark raised their price target on eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Bank of America reduced their price objective on eBay from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Finally, Cantor Fitzgerald lifted their target price on eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 27th. 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 MarketBeat.com, eBay currently has an average rating of “Hold” and an average price target of $64.79.

eBay Price Performance

eBay stock opened at $67.83 on Friday. The firm has a market capitalization of $31.61 billion, a PE ratio of 17.04, a P/E/G ratio of 2.22 and a beta of 1.43. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. The firm’s 50-day simple moving average is $66.05 and its 200 day simple moving average is $64.98. 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, March 14th. This is an increase from eBay’s previous quarterly dividend of $0.27. eBay’s dividend payout ratio is 29.07%.

eBay 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.