eBay Inc. (NASDAQ:EBAY) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its position in shares of eBay Inc. (NASDAQ:EBAY) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,338 shares of the e-commerce company’s stock after selling 181 shares during the period. Rice Hall James & Associates LLC’s holdings in eBay were worth $608,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC grew its position in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares during the period. Hobbs Group Advisors LLC purchased a new stake in shares of eBay during the second quarter worth about $29,000. Washington Trust Advisors Inc. purchased a new stake in eBay during the 1st quarter worth approximately $30,000. Finally, LRI Investments LLC acquired a new position in shares of eBay during the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction of $77,757.21. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on 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 owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,391 shares of company stock worth $2,678,424 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Susquehanna boosted their price target on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Jefferies Financial Group upped their price target on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. cut their target price on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Robert W. Baird lowered their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday. 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, the stock has a consensus rating of “Hold” and a consensus target price of $61.86.

eBay Price Performance

Shares of EBAY opened at $58.11 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $67.80. The company has a market cap of $28.42 billion, a P/E ratio of 14.60, a PEG ratio of 1.95 and a beta of 1.32. The firm’s 50 day moving average price is $62.99 and its 200 day moving average price is $56.77.

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

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.86%. 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.