Centaurus Financial Inc. Trims Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Centaurus Financial Inc. reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,214 shares of the e-commerce company’s stock after selling 220 shares during the period. Centaurus Financial Inc.’s holdings in eBay were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay during the second quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its position in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares during the period. LRI Investments LLC purchased a new position in shares of eBay during the 1st quarter valued at $29,000. Hobbs Group Advisors LLC bought a new position in eBay in the 2nd quarter worth $29,000. Finally, Gradient Investments LLC boosted its holdings in eBay by 86.3% in the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after buying an additional 284 shares during the period. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Up 0.2 %

Shares of EBAY opened at $65.09 on Wednesday. eBay Inc. has a twelve month low of $40.16 and a twelve month high of $67.80. 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’s fifty day simple moving average is $63.57 and its 200-day simple moving average is $58.18. The company has a market cap of $31.18 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.66 and a beta of 1.34.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid 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 payout ratio is currently 27.14%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several research analyst reports. 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 research report on Tuesday, November 5th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Truist Financial lifted their price objective on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Robert W. Baird lowered their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Morgan Stanley raised their target price on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.87.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were 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 $32,833,196.22. This trade represents a 1.02 % decrease in their position. The transaction 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 business’s 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 completion of the sale, 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 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock worth $3,015,417 over the last 90 days. Company insiders own 0.38% of the company’s stock.

About eBay

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.