4,394 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Truvestments Capital LLC

Truvestments Capital LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, Holdings Channel.com reports. The fund acquired 4,394 shares of the e-commerce company’s stock, valued at approximately $286,000.

Several other large investors have also recently added to or reduced their stakes in the stock. LRI Investments LLC acquired a new position in shares of eBay in the first quarter worth $29,000. Price T Rowe Associates Inc. MD increased its position in eBay by 3.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock worth $37,887,000 after purchasing an additional 20,712 shares during the last quarter. Ascent Group LLC purchased a new stake in shares of eBay during the 1st quarter worth about $351,000. California State Teachers Retirement System lifted its holdings in shares of eBay by 1.7% during the 1st quarter. California State Teachers Retirement System now owns 941,615 shares of the e-commerce company’s stock valued at $49,698,000 after buying an additional 15,919 shares during the last quarter. Finally, Motley Fool Asset Management LLC lifted its holdings in shares of eBay by 12.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 17,361 shares of the e-commerce company’s stock valued at $916,000 after buying an additional 1,880 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $64.99 on Tuesday. The firm has a market capitalization of $31.13 billion, a PE ratio of 16.33, a PEG ratio of 1.66 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 Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The business’s 50 day moving average is $63.57 and its 200-day moving average is $58.08.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % 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 the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value 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 trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock valued at $3,015,417 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EBAY shares. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Tuesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of eBay in a report on Thursday, October 31st. Daiwa America raised shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Morgan Stanley increased their target price on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group boosted their price target on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $62.87.

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.