Greenwich Wealth Management LLC Cuts Stock Position in eBay Inc. (NASDAQ:EBAY)

Greenwich Wealth Management LLC lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 1.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 28,361 shares of the e-commerce company’s stock after selling 313 shares during the quarter. Greenwich Wealth Management LLC’s holdings in eBay were worth $1,847,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after purchasing an additional 153 shares in the last quarter. Davis Investment Partners LLC grew its position 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 acquiring an additional 180 shares in the last quarter. Quent Capital LLC grew its position in eBay by 6.8% in the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after acquiring an additional 202 shares in the last quarter. Checchi Capital Advisers LLC grew its position in eBay by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock worth $405,000 after acquiring an additional 219 shares in the last quarter. Finally, Harrington Investments INC grew its position in eBay by 0.6% in the third quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock worth $2,434,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the subject of several recent research reports. Morgan Stanley lifted their price target on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday. Piper Sandler raised their price objective on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays decreased their price objective on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.86.

eBay Stock Up 1.0 %

NASDAQ:EBAY traded up $0.60 during trading hours on Friday, reaching $58.11. The company’s stock had a trading volume of 7,848,154 shares, compared to its average volume of 5,459,002. The company has a market capitalization of $28.42 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.95 and a beta of 1.32. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $67.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50 day moving average price of $62.99 and a two-hundred day moving average price of $56.72.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. eBay had a net margin of 19.68% and a return on equity of 30.15%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. Equities analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The shares were 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 approximately $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is currently owned by insiders.

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.