Meritage Portfolio Management Sells 2,726 Shares of eBay Inc. (NASDAQ:EBAY)

Meritage Portfolio Management lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,173 shares of the e-commerce company’s stock after selling 2,726 shares during the period. Meritage Portfolio Management’s holdings in eBay were worth $7,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares during the last quarter. M&G Plc bought a new stake in shares of eBay during the first quarter worth about $97,557,000. Swedbank AB acquired a new stake in shares of eBay in the 1st quarter worth about $73,777,000. Finally, Altshuler Shaham Ltd bought a new position in eBay in the 2nd quarter valued at about $71,593,000. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 over the last quarter. 0.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on EBAY shares. Benchmark reissued a “buy” rating and set a $65.00 price objective on shares of eBay in a report on Tuesday, October 29th. The Goldman Sachs Group raised their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Truist Financial lifted their price target on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley upped their price objective on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Piper Sandler increased their price objective on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, eBay has an average rating of “Hold” and a consensus price target of $62.87.

eBay Trading Down 0.2 %

eBay stock traded down $0.13 during trading hours on Friday, reaching $61.89. The company had a trading volume of 3,260,382 shares, compared to its average volume of 4,831,962. The firm has a market cap of $29.65 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 2.00 and a beta of 1.34. eBay Inc. has a 12-month low of $38.60 and a 12-month high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50-day moving average price of $63.24 and a 200 day moving average price of $57.11.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 1.75%. eBay’s dividend payout ratio is presently 27.14%.

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.