Janney Montgomery Scott LLC Trims Position in eBay Inc. (NASDAQ:EBAY)

Janney Montgomery Scott LLC trimmed its holdings in eBay Inc. (NASDAQ:EBAY) by 0.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 536,534 shares of the e-commerce company’s stock after selling 2,210 shares during the period. Janney Montgomery Scott LLC owned 0.11% of eBay worth $33,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EBAY. Public Sector Pension Investment Board raised its holdings in eBay by 53.9% during the second quarter. Public Sector Pension Investment Board now owns 17,855 shares of the e-commerce company’s stock worth $959,000 after purchasing an additional 6,256 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in eBay by 60.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 99,208 shares of the e-commerce company’s stock worth $5,329,000 after purchasing an additional 37,242 shares in the last quarter. Toronto Dominion Bank raised its holdings in eBay by 38.4% during the second quarter. Toronto Dominion Bank now owns 267,899 shares of the e-commerce company’s stock worth $14,392,000 after purchasing an additional 74,354 shares in the last quarter. Caxton Associates LP raised its holdings in eBay by 7.4% during the second quarter. Caxton Associates LP now owns 24,272 shares of the e-commerce company’s stock worth $1,304,000 after purchasing an additional 1,674 shares in the last quarter. Finally, AXA S.A. raised its holdings in eBay by 5.5% during the second quarter. AXA S.A. now owns 651,658 shares of the e-commerce company’s stock worth $35,007,000 after purchasing an additional 34,016 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on EBAY shares. Morgan Stanley increased their price target on shares of eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Piper Sandler upped their target price on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Truist Financial upped their target price on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.83.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,149 shares of company stock valued at $1,704,778. Company insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of EBAY stock opened at $64.75 on Friday. The company’s fifty day simple moving average is $63.81 and its 200-day simple moving average is $61.28. eBay Inc. has a 52 week low of $40.74 and a 52 week high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $31.02 billion, a PE ratio of 16.27, a P/E/G ratio of 2.05 and a beta of 1.35.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio is presently 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.