eBay Inc. (NASDAQ:EBAY) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 22.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,646 shares of the e-commerce company’s stock after selling 4,500 shares during the quarter. Trust Co. of Vermont’s holdings in eBay were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of EBAY. Quarry LP purchased a new position in eBay during the third quarter worth about $36,000. USA Financial Formulas purchased a new stake in shares of eBay during the 3rd quarter valued at approximately $38,000. Northwest Investment Counselors LLC purchased a new stake in shares of eBay during the 3rd quarter valued at approximately $50,000. Versant Capital Management Inc lifted its holdings in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after acquiring an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after acquiring an additional 621 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EBAY. Stifel Nicolaus lifted their target price on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Citigroup upped their target price on shares of eBay from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Jefferies Financial Group cut shares of eBay from a “hold” rating to an “underperform” rating and dropped their price target for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Bank of America decreased their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of eBay in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, eBay presently has an average rating of “Hold” and an average target price of $62.83.

eBay Stock Up 1.7 %

Shares of NASDAQ:EBAY opened at $66.19 on Friday. eBay Inc. has a 1-year low of $40.33 and a 1-year high of $71.52. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $31.71 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.10 and a beta of 1.35. The firm has a fifty day moving average price of $63.63 and a 200 day moving average price of $61.03.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.63%. eBay’s dividend payout ratio (DPR) is 27.14%.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,149 shares of company stock valued at $1,704,778 over the last quarter. 0.38% of the stock is currently owned by insiders.

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.