D.A. Davidson & CO. Has $945,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

D.A. Davidson & CO. cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,521 shares of the e-commerce company’s stock after selling 211 shares during the period. D.A. Davidson & CO.’s holdings in eBay were worth $945,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after buying an additional 60,544 shares in the last quarter. Cetera Advisors LLC increased its position in eBay by 106.7% during the first quarter. Cetera Advisors LLC now owns 13,777 shares of the e-commerce company’s stock worth $727,000 after acquiring an additional 7,112 shares during the period. GAMMA Investing LLC raised its stake in eBay by 123.7% in the 2nd quarter. GAMMA Investing LLC now owns 6,017 shares of the e-commerce company’s stock worth $323,000 after purchasing an additional 3,327 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in eBay by 41.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 884 shares of the e-commerce company’s stock valued at $47,000 after purchasing an additional 258 shares during the period. Finally, DNB Asset Management AS grew its position in shares of eBay by 4.4% during the 2nd quarter. DNB Asset Management AS now owns 91,990 shares of the e-commerce company’s stock worth $4,942,000 after purchasing an additional 3,906 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was 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 owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 26.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s 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. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,016 shares of company stock worth $3,015,417. Company insiders own 0.38% of the company’s stock.

eBay Stock Down 1.6 %

Shares of NASDAQ EBAY opened at $63.29 on Monday. The company has a 50 day simple moving average of $63.63 and a 200 day simple moving average of $58.43. 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 firm has a market cap of $30.32 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is currently 27.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EBAY shares. Barclays cut their price target on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird reduced their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Mizuho boosted their target price on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.87.

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.