Aberdeen Wealth Management LLC Reduces Position in eBay Inc. (NASDAQ:EBAY)

Aberdeen Wealth Management LLC trimmed its position in eBay Inc. (NASDAQ:EBAY) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,462 shares of the e-commerce company’s stock after selling 500 shares during the quarter. Aberdeen Wealth Management LLC’s holdings in eBay were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after buying an additional 21,636 shares during the period. Cetera Investment Advisers boosted its holdings in eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after acquiring an additional 60,544 shares in the last quarter. PGGM Investments increased its position in eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after purchasing an additional 28,604 shares during the period. Freestone Capital Holdings LLC raised its holdings in eBay by 435.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after purchasing an additional 29,624 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in eBay by 234.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company’s stock worth $9,806,000 after purchasing an additional 127,991 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is owned by company insiders.

eBay Trading Down 0.0 %

Shares of NASDAQ:EBAY opened at $61.41 on Tuesday. The stock’s 50-day simple moving average is $63.57 and its two-hundred day simple moving average is $57.64. The stock has a market capitalization of $29.42 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.60 and a beta of 1.34. eBay Inc. has a 52-week low of $38.97 and a 52-week high of $67.80. 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 Dividend Announcement

The business 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. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.76%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays reduced their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. UBS Group reduced their target price on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 target price on shares of eBay in a research note on Monday, October 7th. Mizuho upped their price target on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Benchmark reissued a “buy” rating and set a $65.00 price objective on shares of eBay in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus target price 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.