eBay Inc. (NASDAQ:EBAY) Shares Sold by Sawyer & Company Inc

Sawyer & Company Inc lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 50.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 705 shares of the e-commerce company’s stock after selling 710 shares during the quarter. Sawyer & Company Inc’s holdings in eBay were worth $44,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EBAY. Private Advisor Group LLC increased its holdings in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after acquiring an additional 62,719 shares during the last quarter. Trustmark National Bank Trust Department acquired a new stake in shares of eBay in the 3rd quarter worth $1,307,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock worth $3,489,000 after acquiring an additional 1,063 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after purchasing an additional 335,035 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on EBAY shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 target price on shares of eBay in a report on Monday, October 7th. Wells Fargo & Company decreased their price objective on eBay from $62.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. Truist Financial upped their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.83.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,116 shares of company stock valued at $1,637,705. 0.38% of the stock is owned by corporate insiders.

eBay Trading Up 1.1 %

NASDAQ:EBAY opened at $65.11 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $71.52. The stock has a market cap of $31.19 billion, a P/E ratio of 16.36, a P/E/G ratio of 2.22 and a beta of 1.35. The stock has a 50-day simple moving average of $63.40 and a 200-day simple moving average of $60.82.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.66%. eBay’s dividend payout ratio is currently 27.14%.

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.