Nisa Investment Advisors LLC Reduces Position in eBay Inc. (NASDAQ:EBAY)

Nisa Investment Advisors LLC trimmed its position in eBay Inc. (NASDAQ:EBAY) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 314,645 shares of the e-commerce company’s stock after selling 6,467 shares during the quarter. Nisa Investment Advisors LLC owned 0.07% of eBay worth $19,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EBAY. Atomi Financial Group Inc. grew its position in shares of eBay by 5.0% in the 4th quarter. Atomi Financial Group Inc. now owns 6,366 shares of the e-commerce company’s stock worth $394,000 after buying an additional 301 shares during the last quarter. Ballentine Partners LLC boosted its holdings in eBay by 2.7% in the fourth quarter. Ballentine Partners LLC now owns 11,806 shares of the e-commerce company’s stock valued at $731,000 after acquiring an additional 315 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. increased its position in eBay by 17.1% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 4,624 shares of the e-commerce company’s stock valued at $286,000 after purchasing an additional 676 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in eBay by 16.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,560 shares of the e-commerce company’s stock worth $97,000 after purchasing an additional 215 shares in the last quarter. Finally, Grove Bank & Trust lifted its position in shares of eBay by 13.8% in the 4th quarter. Grove Bank & Trust now owns 2,245 shares of the e-commerce company’s stock worth $139,000 after purchasing an additional 273 shares during the period. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Down 1.2 %

eBay stock opened at $63.88 on Thursday. eBay Inc. has a one year low of $40.74 and a one year high of $71.52. The stock has a fifty day moving average of $63.77 and a 200 day moving average of $61.27. 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 stock has a market cap of $30.60 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 2.10 and a beta of 1.35.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,141,040.40. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,149 shares of company stock valued at $1,704,778. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on EBAY. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Morgan Stanley upped their price target on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Mizuho raised their price objective on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus target price of $62.83.

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.