Tidal Investments LLC Buys 4,677 Shares of eBay Inc. (NASDAQ:EBAY)

Tidal Investments LLC lifted its position in eBay Inc. (NASDAQ:EBAY) by 7.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,209 shares of the e-commerce company’s stock after purchasing an additional 4,677 shares during the period. Tidal Investments LLC’s holdings in eBay were worth $4,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its holdings in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares during the period. Hobbs Group Advisors LLC purchased a new stake in eBay in the second quarter worth about $29,000. Gradient Investments LLC lifted its stake in eBay by 86.3% in the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after acquiring an additional 284 shares during the period. Quarry LP bought a new position in eBay during the 3rd quarter worth about $36,000. Finally, USA Financial Formulas purchased a new position in eBay during the 3rd quarter valued at about $38,000. Institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EBAY. Wedbush started coverage on shares of eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price target for the company. The Goldman Sachs Group upped their target price on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a report on Tuesday, October 15th. Bank of America cut their price target on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC restated a “buy” rating and set a $72.00 price objective on shares of eBay in a research note on Thursday, October 31st. Finally, Benchmark reiterated a “buy” rating and issued a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.63.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,641 shares of company stock worth $3,370,974. 0.38% of the stock is owned by company insiders.

eBay Stock Down 0.1 %

eBay stock opened at $63.84 on Friday. The business’s 50-day simple moving average is $63.37 and its two-hundred day simple moving average is $59.10. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $30.58 billion, a PE ratio of 16.04, a PEG ratio of 2.20 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.69%. eBay’s dividend payout ratio is currently 27.14%.

eBay Company 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.