eBay Inc. (NASDAQ:EBAY) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. cut its position in shares of eBay Inc. (NASDAQ:EBAY) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,464 shares of the e-commerce company’s stock after selling 1,030 shares during the quarter. Freedom Investment Management Inc.’s holdings in eBay were worth $1,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Ameriprise Financial Inc. grew its holdings in eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Mirova US LLC lifted its position in shares of eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after purchasing an additional 530,941 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of eBay by 22.2% in the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after buying an additional 1,216,885 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

Shares of EBAY opened at $64.31 on Thursday. The business’s 50 day moving average price is $63.59 and its two-hundred day moving average price is $58.22. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80. 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 firm has a market cap of $30.80 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 26.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EBAY has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Piper Sandler lifted their target price on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Tuesday, November 5th. Bank of America reduced their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.87.

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.