Gulf International Bank UK Ltd Sells 1,843 Shares of eBay Inc. (NASDAQ:EBAY)

Gulf International Bank UK Ltd decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,245 shares of the e-commerce company’s stock after selling 1,843 shares during the period. Gulf International Bank UK Ltd’s holdings in eBay were worth $2,750,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in eBay in the 2nd quarter worth about $26,000. Tortoise Investment Management LLC grew its holdings in shares of eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the last quarter. LRI Investments LLC bought a new stake in shares of eBay during the first quarter valued at approximately $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay during the second quarter valued at approximately $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in eBay in the 1st quarter worth approximately $30,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Trading Down 0.7 %

eBay stock opened at $61.08 on Thursday. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $67.80. The firm has a market capitalization of $29.26 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.90 and a beta of 1.34. The firm has a 50 day moving average of $63.12 and a 200 day moving average of $57.00. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

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

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last three months. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley lifted their target price on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. Evercore ISI lifted their price target on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Thursday, August 1st. Finally, Daiwa America upgraded shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.