eBay Inc. (NASDAQ:EBAY) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,351 shares of the e-commerce company’s stock after selling 168 shares during the quarter. Fiduciary Trust Co’s holdings in eBay were worth $999,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in shares of eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after buying an additional 3,880,649 shares during the period. Altshuler Shaham Ltd purchased a new stake in eBay during the 2nd quarter valued at approximately $71,593,000. LSV Asset Management raised its stake in eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after acquiring an additional 1,216,885 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of eBay in the 2nd quarter valued at approximately $49,924,000. Finally, Victory Capital Management Inc. increased its holdings in shares of eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after purchasing an additional 838,969 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $63.29 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The business’s fifty day moving average price is $63.63 and its two-hundred day moving average price is $58.34. The stock has a market cap of $30.32 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34. eBay Inc. has a one year low of $40.16 and a one year high of $67.80.

eBay Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Morgan Stanley increased their price target on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Robert W. Baird lowered their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Citigroup lifted their price objective on eBay from $65.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Benchmark reissued a “buy” rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.87.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the firm’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 sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is owned by insiders.

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.