Legal Advantage Investments Inc. Sells 400 Shares of eBay Inc. (NASDAQ:EBAY)

Legal Advantage Investments Inc. lessened its holdings in eBay Inc. (NASDAQ:EBAY) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,250 shares of the e-commerce company’s stock after selling 400 shares during the quarter. Legal Advantage Investments Inc.’s holdings in eBay were worth $387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of eBay in the 3rd quarter valued at $36,000. USA Financial Formulas acquired a new stake in shares of eBay in the 3rd quarter valued at $38,000. Northwest Investment Counselors LLC acquired a new stake in shares of eBay in the 3rd quarter valued at $50,000. Versant Capital Management Inc boosted 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 valued at $52,000 after purchasing an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its stake in shares of eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after purchasing an additional 621 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 1.7 %

Shares of eBay stock opened at $66.19 on Tuesday. The business has a fifty day simple moving average of $63.63 and a two-hundred day simple moving average of $61.09. eBay Inc. has a 1 year low of $40.33 and a 1 year high of $71.52. The company has a market capitalization of $31.71 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 2.10 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders 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 dividend yield of 1.63%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value 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 represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,149 shares of company stock valued at $1,704,778. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. UBS Group reduced 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. Morgan Stanley boosted their target price on shares of eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Tuesday, November 5th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 price target on shares of eBay in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.83.

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.