Semmax Financial Advisors Inc. Has $912,000 Stake in eBay Inc. (NASDAQ:EBAY)

Semmax Financial Advisors Inc. lowered its stake in eBay Inc. (NASDAQ:EBAY) by 9.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,829 shares of the e-commerce company’s stock after selling 1,567 shares during the period. Semmax Financial Advisors Inc.’s holdings in eBay were worth $912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after acquiring an additional 3,880,649 shares in the last quarter. Mirova US LLC raised its position in shares of eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after purchasing an additional 189,505 shares during the period. Victory Capital Management Inc. raised its position in shares of eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after purchasing an additional 838,969 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after buying an additional 530,941 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after buying an additional 1,216,885 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity at eBay

In related news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 5.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of eBay 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 completion of the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 26.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 in the last ninety days. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on EBAY. Bank of America dropped their target price on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Morgan Stanley boosted their price objective on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Mizuho raised their target price on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Stifel Nicolaus lifted their price target on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $63.29 on Friday. 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 business’s fifty day moving average price is $63.63 and its two-hundred day moving average price is $58.38. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The stock has a market capitalization of $30.32 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio (DPR) is currently 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.