HF Advisory Group LLC Trims Holdings in eBay Inc. (NASDAQ:EBAY)

HF Advisory Group LLC lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,303 shares of the e-commerce company’s stock after selling 678 shares during the quarter. HF Advisory Group LLC’s holdings in eBay were worth $700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EBAY. Quarry LP purchased a new position in shares of eBay during the third quarter worth $36,000. USA Financial Formulas acquired a new stake in eBay during the 3rd quarter worth about $38,000. Northwest Investment Counselors LLC purchased a new position in shares of eBay during the 3rd quarter valued at about $50,000. Versant Capital Management Inc lifted its holdings 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 valued at $52,000 after buying an additional 448 shares during the period. Finally, Financial Management Professionals Inc. boosted its stake 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 worth $55,000 after buying an additional 621 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Up 1.7 %

NASDAQ EBAY opened at $66.19 on Friday. The business’s fifty day simple moving average is $63.63 and its 200-day simple moving average is $61.03. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $31.71 billion, a PE ratio of 16.63, a P/E/G ratio of 2.10 and a beta of 1.35. eBay Inc. has a 52 week low of $40.33 and a 52 week high of $71.52.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.63%. eBay’s payout ratio is 27.14%.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the transaction, the senior vice president now owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,704,778 in the last 90 days. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Mizuho lifted their price target on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Truist Financial boosted their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price target on shares of eBay from $62.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Bank of America decreased their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, UBS Group lowered their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.83.

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.