1ST Source Bank Sells 530 Shares of eBay Inc. (NASDAQ:EBAY)

1ST Source Bank lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,593 shares of the e-commerce company’s stock after selling 530 shares during the period. 1ST Source Bank’s holdings in eBay were worth $625,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EBAY. Envestnet Portfolio Solutions Inc. lifted its position in shares of eBay by 36.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,179 shares of the e-commerce company’s stock valued at $1,567,000 after buying an additional 7,781 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in eBay by 234.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company’s stock worth $9,806,000 after purchasing an additional 127,991 shares in the last quarter. Blue Trust Inc. increased its stake in eBay by 164.0% in the 2nd quarter. Blue Trust Inc. now owns 1,069 shares of the e-commerce company’s stock worth $56,000 after acquiring an additional 664 shares during the last quarter. Gradient Investments LLC increased its stake in eBay by 86.3% in the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after acquiring an additional 284 shares during the last quarter. Finally, TCW Group Inc. boosted its position in shares of eBay by 113.8% during the 2nd quarter. TCW Group Inc. now owns 25,847 shares of the e-commerce company’s stock valued at $1,389,000 after acquiring an additional 13,756 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Down 0.1 %

Shares of EBAY stock opened at $63.84 on Friday. The stock’s fifty day moving average price is $63.37 and its 200 day moving average price is $59.10. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The company has a market cap of $30.58 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.69%. eBay’s dividend payout ratio is currently 27.14%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EBAY shares. Mizuho upped their price target on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. UBS Group lowered their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Barclays reduced their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley boosted their target price on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.63.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction 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 directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,641 shares of company stock worth $3,370,974. Company insiders own 0.38% of the company’s stock.

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.