Forsta AP Fonden Sells 2,900 Shares of eBay Inc. (NASDAQ:EBAY)

Forsta AP Fonden trimmed its stake in eBay Inc. (NASDAQ:EBAY) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 207,600 shares of the e-commerce company’s stock after selling 2,900 shares during the quarter. Forsta AP Fonden’s holdings in eBay were worth $13,517,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EBAY. Park Avenue Securities LLC increased its position in eBay by 6.3% in the 1st quarter. Park Avenue Securities LLC now owns 10,557 shares of the e-commerce company’s stock worth $557,000 after buying an additional 623 shares during the period. Wealthcare Advisory Partners LLC bought a new position in eBay in the 1st quarter worth approximately $1,006,000. Founders Financial Securities LLC bought a new position in eBay in the 1st quarter worth approximately $311,000. Diversified Trust Co increased its position in eBay by 35.5% in the 1st quarter. Diversified Trust Co now owns 89,554 shares of the e-commerce company’s stock worth $4,727,000 after buying an additional 23,457 shares during the period. Finally, MV Capital Management Inc. increased its position in eBay by 31.6% in the 1st quarter. MV Capital Management Inc. now owns 1,487 shares of the e-commerce company’s stock worth $78,000 after buying an additional 357 shares during the period. 87.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 3rd. Bank of America boosted their price objective on eBay from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Benchmark boosted their price objective on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. TD Cowen boosted their price objective on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday. Finally, The Goldman Sachs Group boosted their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.14.

eBay Price Performance

eBay stock opened at $63.10 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $30.86 billion, a P/E ratio of 12.25, a P/E/G ratio of 2.45 and a beta of 1.32. The business’s fifty day moving average is $62.71 and its two-hundred day moving average is $56.41. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $67.80.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. Equities research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio is currently 20.97%.

Insider Activity

In other news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock valued at $2,678,424 over the last 90 days. 0.38% of the stock is owned by company insiders.

eBay Company 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.