Private Trust Co. NA Sells 288 Shares of eBay Inc. (NASDAQ:EBAY)

Private Trust Co. NA reduced its stake in eBay Inc. (NASDAQ:EBAY) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,063 shares of the e-commerce company’s stock after selling 288 shares during the period. Private Trust Co. NA’s holdings in eBay were worth $199,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in eBay in the 2nd quarter worth about $26,000. Tortoise Investment Management LLC grew its stake in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in eBay during the second quarter valued at approximately $29,000. LRI Investments LLC bought a new stake in eBay during the 1st quarter worth approximately $29,000. Finally, USA Financial Formulas purchased a new stake in eBay in the 3rd quarter worth approximately $38,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock worth $3,015,417 over the last three months. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EBAY. TD Cowen upped their price target on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their target price on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. The Goldman Sachs Group upped their price objective on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Finally, Bank of America dropped their target price on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Stock Performance

NASDAQ:EBAY opened at $64.31 on Friday. 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 Inc. has a twelve month low of $40.16 and a twelve month high of $67.80. The stock has a market cap of $30.80 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. The firm’s fifty day simple moving average is $63.61 and its 200 day simple moving average is $58.26.

eBay Announces Dividend

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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is currently 27.14%.

eBay Company 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.