Olstein Capital Management L.P. Has $4.30 Million Stake in eBay Inc. (NASDAQ:EBAY)

Olstein Capital Management L.P. decreased its position in eBay Inc. (NASDAQ:EBAY) by 35.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,000 shares of the e-commerce company’s stock after selling 36,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in eBay were worth $4,297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the second quarter worth approximately $26,000. Tortoise Investment Management LLC grew its position in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares in the last quarter. LRI Investments LLC acquired a new stake in eBay during the first quarter worth approximately $29,000. Hobbs Group Advisors LLC acquired a new stake in eBay during the second quarter worth approximately $29,000. Finally, Washington Trust Advisors Inc. bought a new stake in eBay during the first quarter worth $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Jefferies Financial Group raised their target price on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Daiwa America raised eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Bank of America lowered their target price on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, eBay has a consensus rating of “Hold” and a consensus price target of $62.87.

eBay Stock Performance

Shares of NASDAQ:EBAY traded up $0.49 during mid-day trading on Thursday, reaching $61.57. The company had a trading volume of 424,226 shares, compared to its average volume of 5,439,042. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $29.49 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.99 and a beta of 1.34. The company’s 50-day moving average price is $63.12 and its 200-day moving average price is $57.00. eBay Inc. has a one year low of $37.17 and a one year high of $67.80.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.75%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay 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 transaction, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is owned by company 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.