Nicholas Hoffman & Company LLC. Cuts Stake in eBay Inc. (NASDAQ:EBAY)

Nicholas Hoffman & Company LLC. trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 8.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,969 shares of the e-commerce company’s stock after selling 750 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in eBay were worth $519,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in eBay during the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC lifted its stake in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares during the period. LRI Investments LLC bought a new position in eBay during the 1st quarter valued at about $29,000. Hobbs Group Advisors LLC bought a new position in eBay during the 2nd quarter valued at about $29,000. Finally, Washington Trust Advisors Inc. bought a new position in eBay during the 1st quarter valued at about $30,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This trade represents 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. In related news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This trade represents 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 firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock worth $2,678,424 over the last three months. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Daiwa America upgraded shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Morgan Stanley increased their price objective on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. UBS Group increased their price objective on shares of eBay from $59.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Wolfe Research assumed coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Citigroup increased their price objective on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $62.23.

eBay Trading Down 0.2 %

EBAY stock opened at $62.63 on Thursday. The firm has a fifty day moving average price of $63.03 and a 200 day moving average price of $56.67. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week 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 firm has a market cap of $31.44 billion, a PE ratio of 12.48, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. Sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

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.