Managed Asset Portfolios LLC Decreases Stock Position in eBay Inc. (NASDAQ:EBAY)

Managed Asset Portfolios LLC trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 290,711 shares of the e-commerce company’s stock after selling 1,278 shares during the quarter. eBay accounts for approximately 2.7% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 17th largest position. Managed Asset Portfolios LLC owned 0.06% of eBay worth $18,928,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after buying an additional 153 shares during the period. Optas LLC grew its position in eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after acquiring an additional 171 shares during the last quarter. Davis Investment Partners LLC increased its stake in eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after purchasing an additional 180 shares during the period. Arvest Investments Inc. lifted its position in shares of eBay by 1.2% during the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after purchasing an additional 183 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in shares of eBay by 6.8% during the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after purchasing an additional 202 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Up 3.0 %

eBay stock opened at $63.24 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 market cap of $30.29 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. The stock has a 50-day moving average of $63.55 and a two-hundred day moving average of $57.92. eBay Inc. has a one year low of $40.16 and a one year high of $67.80.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.27 dividend. 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%.

Analysts Set New Price Targets

EBAY has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group lifted their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their target price on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Mizuho increased their price target on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.87.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,167 shares of the company’s 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 transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This represents a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock worth $3,015,417 in the last three months. Corporate insiders own 0.38% of the company’s stock.

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.