eBay Inc. (NASDAQ:EBAY) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its holdings in eBay Inc. (NASDAQ:EBAY) by 0.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 536,534 shares of the e-commerce company’s stock after selling 2,210 shares during the period. Janney Montgomery Scott LLC’s holdings in eBay were worth $33,238,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP acquired a new position in shares of eBay in the 3rd quarter valued at about $36,000. USA Financial Formulas acquired a new position in shares of eBay in the 3rd quarter valued at about $38,000. Northwest Investment Counselors LLC acquired a new position in shares of eBay in the 3rd quarter valued at about $50,000. Versant Capital Management Inc boosted its holdings in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares during the period. Finally, Financial Management Professionals Inc. lifted its position in eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after purchasing an additional 621 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Performance

eBay stock opened at $64.75 on Friday. The firm’s 50 day simple moving average is $63.81 and its 200-day simple moving average is $61.28. The company has a market cap of $31.02 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.05 and a beta of 1.35. 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 Inc. has a fifty-two week low of $40.74 and a fifty-two week high of $71.52.

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. This represents a $1.08 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is presently 27.14%.

Analysts Set New Price Targets

Several analysts recently weighed in on EBAY shares. Barclays cut their price objective 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. Jefferies Financial Group downgraded shares of eBay from a “hold” rating to an “underperform” rating and cut their price objective for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Piper Sandler lifted their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Robert W. Baird cut their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $62.83.

Insider Activity at eBay

In other eBay news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total transaction of $355,556.25. Following the completion of the sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,149 shares of company stock valued at $1,704,778. 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.