eBay Inc. (NASDAQ:EBAY) Shares Sold by Lakewood Asset Management LLC

Lakewood Asset Management LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,297 shares of the e-commerce company’s stock after selling 434 shares during the quarter. eBay comprises approximately 2.0% of Lakewood Asset Management LLC’s investment portfolio, making the stock its 14th largest position. Lakewood Asset Management LLC’s holdings in eBay were worth $2,868,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC increased its stake in shares of eBay by 3.8% in the 4th quarter. Acropolis Investment Management LLC now owns 22,811 shares of the e-commerce company’s stock worth $1,413,000 after acquiring an additional 843 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of eBay by 129.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,433 shares of the e-commerce company’s stock worth $151,000 after acquiring an additional 1,372 shares during the last quarter. Park Avenue Securities LLC increased its stake in eBay by 21.7% in the fourth quarter. Park Avenue Securities LLC now owns 13,776 shares of the e-commerce company’s stock valued at $853,000 after purchasing an additional 2,454 shares during the last quarter. Kathmere Capital Management LLC increased its stake in eBay by 1.2% in the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock valued at $883,000 after purchasing an additional 173 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in eBay by 2.7% in the fourth quarter. 180 Wealth Advisors LLC now owns 42,739 shares of the e-commerce company’s stock valued at $2,648,000 after purchasing an additional 1,129 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,116 shares of company stock worth $1,637,705 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on EBAY. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. Benchmark restated a “buy” rating and set a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. Stifel Nicolaus upped their price target on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Truist Financial upped their price target on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Wedbush initiated coverage on eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. 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 company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.83.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $65.11 on Thursday. 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 Inc. has a 1 year low of $40.16 and a 1 year high of $71.52. The business has a fifty day simple moving average of $63.40 and a 200 day simple moving average of $60.82. The firm has a market cap of $31.19 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 2.10 and a beta of 1.35.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.66%. eBay’s dividend payout ratio (DPR) is currently 27.14%.

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.