Grandfield & Dodd LLC Has $390,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Grandfield & Dodd LLC decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 28.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,996 shares of the e-commerce company’s stock after selling 2,331 shares during the period. Grandfield & Dodd LLC’s holdings in eBay were worth $390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of eBay during the second quarter valued at $26,000. Tortoise Investment Management LLC grew its position in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the last quarter. LRI Investments LLC bought a new position in shares of eBay during the first quarter worth about $29,000. Hobbs Group Advisors LLC acquired a new position in shares of eBay in the second quarter worth approximately $29,000. Finally, Gradient Investments LLC lifted its stake in shares of eBay by 86.3% in the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after acquiring an additional 284 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last 90 days. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EBAY. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 price target on shares of eBay in a report on Monday, October 7th. Citigroup boosted their target price on shares of eBay from $65.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Piper Sandler upped their price target on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Susquehanna lifted their price objective on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, UBS Group dropped their price target on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.87.

eBay Stock Performance

NASDAQ EBAY opened at $61.10 on Wednesday. eBay Inc. has a 1 year low of $38.97 and a 1 year high of $67.80. The firm has a market cap of $29.27 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.60 and a beta of 1.34. The company has a fifty day moving average price of $63.59 and a 200-day moving average price of $57.72. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.77%. eBay’s dividend payout ratio is currently 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.