Amalgamated Bank Lowers Stock Position in eBay Inc. (NASDAQ:EBAY)

Amalgamated Bank trimmed its stake in eBay Inc. (NASDAQ:EBAY) by 3.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 99,163 shares of the e-commerce company’s stock after selling 3,481 shares during the period. Amalgamated Bank’s holdings in eBay were worth $6,457,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Ameriprise Financial Inc. grew its stake in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares in the last quarter. M&G Plc purchased a new stake in shares of eBay in the 1st quarter valued at $97,557,000. Swedbank AB acquired a new position in eBay during the 1st quarter worth about $73,777,000. Finally, Altshuler Shaham Ltd purchased a new position in eBay during the 2nd quarter valued at about $71,593,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Price Performance

Shares of EBAY opened at $61.08 on Thursday. 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 $37.17 and a 1-year high of $67.80. The stock has a market cap of $29.26 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.90 and a beta of 1.34. The firm has a fifty day moving average price of $63.12 and a 200 day moving average price of $57.00.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of recent research reports. Jefferies Financial Group boosted their price target on shares of eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 target price on shares of eBay in a report on Monday, October 7th. Daiwa America upgraded shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Finally, TD Cowen increased their price objective on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $62.87.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated 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 completion of 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Stephen J. Priest sold 25,000 shares of the business’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 transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock worth $3,015,417 in the last 90 days. 0.38% of the stock is owned by insiders.

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.