Ridgewood Investments LLC Sells 214 Shares of eBay Inc. (NASDAQ:EBAY)

Ridgewood Investments LLC reduced its holdings in eBay Inc. (NASDAQ:EBAY) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,193 shares of the e-commerce company’s stock after selling 214 shares during the quarter. Ridgewood Investments LLC’s holdings in eBay were worth $322,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EBAY. Private Advisor Group LLC increased its holdings in eBay by 14.3% in the second quarter. Private Advisor Group LLC now owns 23,864 shares of the e-commerce company’s stock worth $1,282,000 after purchasing an additional 2,978 shares in the last quarter. Savant Capital LLC grew its stake in eBay by 6.4% in the second quarter. Savant Capital LLC now owns 14,577 shares of the e-commerce company’s stock valued at $783,000 after acquiring an additional 875 shares during the period. Quest Partners LLC grew its stake in eBay by 241.3% in the second quarter. Quest Partners LLC now owns 3,696 shares of the e-commerce company’s stock valued at $199,000 after acquiring an additional 2,613 shares during the period. Prudential PLC grew its stake in eBay by 73.7% in the second quarter. Prudential PLC now owns 40,522 shares of the e-commerce company’s stock valued at $2,177,000 after acquiring an additional 17,188 shares during the period. Finally, Wedbush Securities Inc. grew its stake in eBay by 23.3% in the second quarter. Wedbush Securities Inc. now owns 5,117 shares of the e-commerce company’s stock valued at $275,000 after acquiring an additional 967 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EBAY shares. Deutsche Bank Aktiengesellschaft reduced their price objective on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Robert W. Baird decreased their price target on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $60.00 to $52.00 in a research note on Tuesday, December 10th. TD Cowen upped their price objective on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay has an average rating of “Hold” and a consensus target price of $62.92.

Insider Transactions at eBay

In other eBay news, 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 transaction of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,283 shares of company stock worth $1,715,462. 0.38% of the stock is currently owned by insiders.

eBay Trading Down 4.1 %

EBAY traded down $2.87 on Friday, hitting $66.53. 3,498,755 shares of the company were exchanged, compared to its average volume of 6,978,625. The firm has a fifty day simple moving average of $63.08 and a two-hundred day simple moving average of $60.48. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $71.52. The stock has a market capitalization of $31.87 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.62%. eBay’s dividend payout ratio is currently 27.14%.

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.