Leonard Rickey Investment Advisors P.L.L.C. Buys 676 Shares of eBay Inc. (NASDAQ:EBAY)

Leonard Rickey Investment Advisors P.L.L.C. lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 17.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,624 shares of the e-commerce company’s stock after acquiring an additional 676 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in eBay were worth $286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after purchasing an additional 153 shares in the last quarter. Cypress Wealth Services LLC increased its stake in eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after buying an additional 157 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after acquiring an additional 167 shares during the period. Optas LLC lifted its position in shares of eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after acquiring an additional 171 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in shares of eBay by 1.2% in the fourth quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock worth $883,000 after acquiring an additional 173 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

EBAY opened at $66.19 on Tuesday. The business has a fifty day moving average of $63.63 and a 200 day moving average of $61.09. 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 cap of $31.71 billion, a P/E ratio of 16.63, a PEG ratio of 2.10 and a beta of 1.35. eBay Inc. has a 52-week low of $40.33 and a 52-week high of $71.52.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.63%. eBay’s dividend payout ratio (DPR) is 27.14%.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction 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. This represents a 1.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the sale, the senior vice president now owns 71,469 shares of the company’s stock, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,704,778 in the last three months. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial lifted their target price on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Barclays reduced their price objective on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Bank of America dropped their target price on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company reduced their price target on shares of eBay from $62.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $62.00 price objective on shares of eBay in a report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.83.

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.