Private Trust Co. NA Lowers Holdings in eBay Inc. (NASDAQ:EBAY)

Private Trust Co. NA trimmed its stake in eBay Inc. (NASDAQ:EBAY) by 8.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,063 shares of the e-commerce company’s stock after selling 288 shares during the quarter. Private Trust Co. NA’s holdings in eBay were worth $199,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of eBay by 17.6% in the 2nd 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 last quarter. Altshuler Shaham Ltd bought a new position in shares of eBay in the second quarter worth approximately $71,593,000. LSV Asset Management grew its holdings 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 valued at $360,211,000 after buying an additional 1,216,885 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of eBay during the second quarter valued at approximately $49,924,000. Finally, Victory Capital Management Inc. raised its holdings in eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Down 1.2 %

Shares of EBAY stock opened at $64.31 on Friday. 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 stock has a fifty day simple moving average of $63.61 and a two-hundred day simple moving average of $58.26. The firm has a market capitalization of $30.80 billion, a PE ratio of 16.16, a PEG ratio of 1.70 and a beta of 1.34. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This trade represents a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of the sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on EBAY. TD Cowen lifted their target price on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America reduced their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Mizuho boosted their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Benchmark reaffirmed a “buy” rating and set a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. Finally, Citigroup boosted their price objective on shares of eBay from $65.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One 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. According to data from MarketBeat, eBay has an average rating of “Hold” and an average price target of $62.87.

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.