Foundry Partners LLC Sells 393 Shares of eBay Inc. (NASDAQ:EBAY)

Foundry Partners LLC lowered its stake in eBay Inc. (NASDAQ:EBAY) by 0.1% in the third quarter, Holdings Channel reports. The fund owned 417,889 shares of the e-commerce company’s stock after selling 393 shares during the quarter. eBay accounts for approximately 1.3% of Foundry Partners LLC’s investment portfolio, making the stock its 14th largest holding. Foundry Partners LLC’s holdings in eBay were worth $27,209,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Bessemer Group Inc. grew its position in eBay by 14.2% during the 1st quarter. Bessemer Group Inc. now owns 46,570 shares of the e-commerce company’s stock worth $2,457,000 after acquiring an additional 5,774 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of eBay in the first quarter valued at approximately $43,000. Shell Asset Management Co. raised its holdings in eBay by 25.0% in the 1st quarter. Shell Asset Management Co. now owns 31,789 shares of the e-commerce company’s stock valued at $1,678,000 after buying an additional 6,351 shares during the last quarter. Freestone Capital Holdings LLC boosted its position in eBay by 435.2% during the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after buying an additional 29,624 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in eBay by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 20,190 shares of the e-commerce company’s stock worth $1,066,000 after acquiring an additional 400 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was 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. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock valued at $3,015,417 over the last ninety days. 0.38% of the stock is currently owned by insiders.

eBay Stock Down 0.5 %

eBay stock opened at $60.82 on Thursday. The firm has a market capitalization of $29.13 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.59 and a beta of 1.34. The firm’s fifty day moving average price is $63.59 and its two-hundred day moving average price is $57.74. eBay Inc. has a 1-year low of $38.97 and a 1-year high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

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 issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EBAY shares. Stifel Nicolaus raised their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. UBS Group reduced their target price on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Mizuho boosted their price target on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Piper Sandler upped their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Benchmark reissued a “buy” rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average target price of $62.87.

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.