Clifford Capital Partners LLC Trims Stock Position in eBay Inc. (NASDAQ:EBAY)

Clifford Capital Partners LLC reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 21.8% in the third quarter, HoldingsChannel.com reports. The fund owned 251,022 shares of the e-commerce company’s stock after selling 69,810 shares during the quarter. eBay accounts for approximately 3.3% of Clifford Capital Partners LLC’s portfolio, making the stock its 13th largest position. Clifford Capital Partners LLC’s holdings in eBay were worth $16,344,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay in the 2nd quarter valued at $26,000. Tortoise Investment Management LLC grew its position in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 465 shares during the last quarter. LRI Investments LLC purchased a new position in eBay in the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC purchased a new position in eBay in the 2nd quarter worth approximately $29,000. Finally, Gradient Investments LLC lifted its position in eBay by 86.3% in the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after purchasing an additional 284 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EBAY shares. Jefferies Financial Group lifted their target price on shares of eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus raised their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. UBS Group dropped their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Bank of America reduced their target price on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.87.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 47,016 shares of company stock valued at $3,015,417. Insiders own 0.38% of the company’s stock.

eBay Trading Up 0.2 %

eBay stock opened at $65.09 on Wednesday. eBay Inc. has a 12 month low of $40.16 and a 12 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 business’s fifty day simple moving average is $63.57 and its two-hundred day simple moving average is $58.18. The company has a market capitalization of $31.18 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.70 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. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. 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 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.