Advisory Alpha LLC Takes Position in eBay Inc. (NASDAQ:EBAY)

Advisory Alpha LLC acquired a new position in eBay Inc. (NASDAQ:EBAY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,390 shares of the e-commerce company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of eBay during the 3rd quarter worth $36,000. USA Financial Formulas bought a new stake in eBay during the 3rd quarter valued at approximately $38,000. Northwest Investment Counselors LLC bought a new stake in shares of eBay during the third quarter valued at approximately $50,000. Versant Capital Management Inc lifted its stake in eBay by 115.5% in the 4th 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 in the last quarter. Finally, Financial Management Professionals Inc. raised its holdings in shares of eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after acquiring an additional 621 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wedbush assumed coverage on eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Piper Sandler increased their target price on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price target on shares of eBay from $62.00 to $59.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.83.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 5,252 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was 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 $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,149 shares of company stock valued at $1,704,778. 0.38% of the stock is owned by insiders.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $64.81 on Friday. eBay Inc. has a twelve month low of $40.74 and a twelve month high of $71.52. 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 company has a market cap of $31.04 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The company’s 50 day moving average is $63.86 and its 200 day moving average is $61.31.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.67%. eBay’s dividend payout ratio (DPR) 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.