Cacti Asset Management LLC Has $15.09 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Cacti Asset Management LLC reduced its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,137 shares of the e-commerce company’s stock after selling 2,515 shares during the quarter. eBay accounts for about 1.2% of Cacti Asset Management LLC’s holdings, making the stock its 21st biggest position. Cacti Asset Management LLC owned approximately 0.05% of eBay worth $15,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after purchasing an additional 153 shares during the last quarter. Optas LLC grew its holdings in eBay by 0.5% during the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after buying an additional 171 shares in the last quarter. Davis Investment Partners LLC boosted its position in shares of eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after acquiring an additional 180 shares during the period. Arvest Investments Inc. grew its stake in eBay by 1.2% during the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock valued at $990,000 after acquiring an additional 183 shares in the last quarter. Finally, Marco Investment Management LLC lifted its stake in eBay by 2.0% in the 3rd quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company’s stock worth $673,000 after purchasing an additional 200 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Trading Up 1.2 %

NASDAQ:EBAY traded up $0.73 during mid-day trading on Thursday, hitting $62.68. 811,815 shares of the stock traded hands, compared to its average volume of 5,261,301. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $30.02 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 2.20 and a beta of 1.35. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. The firm’s 50 day moving average is $62.75 and its two-hundred day moving average is $60.07.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. TD Cowen lifted their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Morgan Stanley boosted their price target on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Mizuho raised their price objective on shares of eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. UBS Group cut their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price target on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.63.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay 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 completion of the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,908 shares of company stock valued at $2,110,731 in the last 90 days. Company insiders own 0.38% of the company’s stock.

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.