Fiduciary Trust Co Cuts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Fiduciary Trust Co cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,351 shares of the e-commerce company’s stock after selling 168 shares during the period. Fiduciary Trust Co’s holdings in eBay were worth $999,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Comerica Bank raised its holdings in shares of eBay by 10.4% in the 1st quarter. Comerica Bank now owns 126,717 shares of the e-commerce company’s stock worth $6,688,000 after purchasing an additional 11,921 shares during the period. LRI Investments LLC acquired a new stake in eBay during the 1st quarter worth approximately $29,000. Cetera Investment Advisers raised its holdings in eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after buying an additional 60,544 shares during the period. Cetera Advisors LLC lifted its position in eBay by 106.7% during the first quarter. Cetera Advisors LLC now owns 13,777 shares of the e-commerce company’s stock valued at $727,000 after buying an additional 7,112 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in eBay by 123.7% during the second quarter. GAMMA Investing LLC now owns 6,017 shares of the e-commerce company’s stock valued at $323,000 after buying an additional 3,327 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

EBAY stock opened at $63.29 on Friday. The stock’s 50 day simple moving average is $63.63 and its 200 day simple moving average is $58.34. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The firm has a market cap of $30.32 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.69 and a beta of 1.34. 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 firm also recently announced 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. eBay’s dividend payout ratio (DPR) is 27.14%.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on EBAY. Robert W. Baird cut their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Jefferies Financial Group boosted their price objective on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group increased their target price on 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 price target on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Bank of America lowered 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. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.