Eagle Bay Advisors LLC Has $44,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Eagle Bay Advisors LLC lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 66.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 712 shares of the e-commerce company’s stock after selling 1,418 shares during the quarter. Eagle Bay Advisors LLC’s holdings in eBay were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Quarry LP bought a new position in eBay in the third quarter valued at approximately $36,000. USA Financial Formulas acquired a new position in shares of eBay in the 3rd quarter valued at $38,000. Northwest Investment Counselors LLC bought a new position in shares of eBay in the 3rd quarter worth $50,000. Versant Capital Management Inc grew its stake in shares of eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after purchasing an additional 448 shares during the period. Finally, Financial Management Professionals Inc. increased its holdings in eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after purchasing an additional 621 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EBAY shares. Piper Sandler raised their target price on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Wedbush assumed coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective on the stock. Morgan Stanley upped their target price on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday. TD Cowen lifted their price target on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Citigroup upped their price objective on shares of eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.96.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,283 shares of company stock valued at $1,715,462. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $65.72 on Tuesday. The stock has a market capitalization of $31.48 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $71.52. The stock has a 50 day moving average price of $63.34 and a 200 day moving average price of $60.75. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.64%. eBay’s dividend payout ratio is presently 27.14%.

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.