eBay Inc. (NASDAQ:EBAY) Shares Sold by Grove Bank & Trust

Grove Bank & Trust trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 60.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,972 shares of the e-commerce company’s stock after selling 2,967 shares during the period. Grove Bank & Trust’s holdings in eBay were worth $128,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC lifted its position in shares of eBay by 30.2% in the fourth quarter. V Square Quantitative Management LLC now owns 10,064 shares of the e-commerce company’s stock valued at $439,000 after acquiring an additional 2,336 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of eBay by 43.8% during the 4th quarter. Fisher Asset Management LLC now owns 8,633 shares of the e-commerce company’s stock worth $377,000 after purchasing an additional 2,629 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of eBay during the fourth quarter worth about $457,000. Kapitalo Investimentos Ltda acquired a new position in shares of eBay in the fourth quarter valued at approximately $69,000. Finally, Symmetry Partners LLC purchased a new position in shares of eBay during the first quarter valued at approximately $255,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Up 0.8 %

EBAY opened at $66.88 on Tuesday. The firm’s 50 day moving average is $61.11 and its 200-day moving average is $55.67. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $67.72. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $33.57 billion, a P/E ratio of 13.32, a P/E/G ratio of 2.59 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Friday, August 30th. eBay’s payout ratio is 21.51%.

Insider Activity

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, October 7th. The shares were sold at an average price of $66.56, for a total value of $374,400.00. Following the completion of the sale, the chief executive officer now owns 553,666 shares in the company, valued at approximately $36,852,008.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the 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 transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $66.56, for a total value of $374,400.00. Following the completion of the sale, the chief executive officer now owns 553,666 shares of the company’s stock, valued at $36,852,008.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,224 shares of company stock worth $2,600,666. 0.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on EBAY shares. Bank of America lifted their target price on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. started coverage on eBay in a research note on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 target price for the company. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. Susquehanna lifted their price target on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded shares of eBay from a “hold” rating to a “buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus target price of $58.05.

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.