Fmr LLC Sells 1,005,360 Shares of eBay Inc. (NASDAQ:EBAY)

Fmr LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 23.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,271,724 shares of the e-commerce company’s stock after selling 1,005,360 shares during the period. Fmr LLC owned 0.68% of eBay worth $213,022,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EBAY. Ameriprise Financial Inc. boosted its position in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Altshuler Shaham Ltd acquired a new position in eBay in the 2nd quarter valued at about $71,593,000. LSV Asset Management increased its stake in shares of eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after purchasing an additional 1,216,885 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of eBay during the second quarter worth $49,924,000. Finally, Victory Capital Management Inc. boosted its position in shares of eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after acquiring an additional 838,969 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity

In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of 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 trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,016 shares of company stock worth $3,015,417. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Stifel Nicolaus boosted their price target on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company cut their price target on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Citigroup lifted their price objective on shares of eBay from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.87.

eBay Price Performance

Shares of NASDAQ EBAY opened at $63.17 on Tuesday. 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 firm has a market cap of $30.26 billion, a PE ratio of 15.87, a PEG ratio of 1.66 and a beta of 1.34. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. The firm has a fifty day moving average of $63.62 and a 200 day moving average of $58.50.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio is currently 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.