eBay Inc. (NASDAQ:EBAY) Shares Sold by Davies Financial Advisors Inc.

Davies Financial Advisors Inc. lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,415 shares of the e-commerce company’s stock after selling 1,338 shares during the period. Davies Financial Advisors Inc.’s holdings in eBay were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. AE Wealth Management LLC raised its stake in shares of eBay by 19.0% during the 2nd quarter. AE Wealth Management LLC now owns 51,674 shares of the e-commerce company’s stock worth $2,776,000 after buying an additional 8,254 shares during the period. Summit Trail Advisors LLC increased its holdings in eBay by 92.7% in the 2nd quarter. Summit Trail Advisors LLC now owns 16,542 shares of the e-commerce company’s stock worth $889,000 after acquiring an additional 7,958 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in eBay by 389.2% in the 2nd quarter. Ensign Peak Advisors Inc now owns 162,094 shares of the e-commerce company’s stock worth $8,708,000 after acquiring an additional 128,960 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in eBay by 10,850.0% during the second quarter. Frank Rimerman Advisors LLC now owns 5,475 shares of the e-commerce company’s stock worth $294,000 after acquiring an additional 5,425 shares during the period. Finally, Fidelis Capital Partners LLC lifted its holdings in eBay by 6.9% during the second quarter. Fidelis Capital Partners LLC now owns 3,716 shares of the e-commerce company’s stock valued at $205,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. Truist Financial boosted their price objective on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. TD Cowen increased their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Citigroup lifted their price target on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, UBS Group dropped their price target on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.83.

eBay Trading Up 1.7 %

NASDAQ EBAY opened at $66.19 on Tuesday. eBay Inc. has a 12 month low of $40.33 and a 12 month high of $71.52. The stock has a market capitalization of $31.71 billion, a P/E ratio of 16.63, a PEG ratio of 2.10 and a beta of 1.35. The firm’s 50-day moving average is $63.63 and its two-hundred day moving average is $61.09. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. eBay’s payout ratio is currently 27.14%.

Insider Activity at eBay

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