eBay Inc. (NASDAQ:EBAY) Shares Purchased by Diversified Trust Co

Diversified Trust Co raised its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,660 shares of the e-commerce company’s stock after acquiring an additional 1,214 shares during the period. Diversified Trust Co’s holdings in eBay were worth $5,802,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of eBay during the third quarter worth approximately $36,000. USA Financial Formulas acquired a new position in eBay in the 3rd quarter valued at $38,000. Northwest Investment Counselors LLC purchased a new position in eBay during the 3rd quarter worth $50,000. Versant Capital Management Inc lifted its stake in shares of eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares during the period. Finally, Financial Management Professionals Inc. boosted its holdings in shares of eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after acquiring an additional 621 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares in the company, valued at approximately $33,825,430.24. This trade represents a 1.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,283 shares of company stock worth $1,715,462. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EBAY has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. TD Cowen raised their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. UBS Group decreased their price target on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Citigroup increased their price objective on eBay from $68.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Jefferies Financial Group lowered shares of eBay from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $62.92.

eBay Trading Up 1.1 %

Shares of EBAY stock traded up $0.69 during trading hours on Tuesday, hitting $63.63. 940,346 shares of the company were exchanged, compared to its average volume of 3,409,707. The firm has a market cap of $30.48 billion, a PE ratio of 15.99, a PEG ratio of 2.20 and a beta of 1.35. The firm has a fifty day moving average of $62.70 and a 200 day moving average of $60.29. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is 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.