Ingalls & Snyder LLC Has $12.96 Million Position in eBay Inc. (NASDAQ:EBAY)

Ingalls & Snyder LLC reduced its holdings in eBay Inc. (NASDAQ:EBAY) by 24.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 198,979 shares of the e-commerce company’s stock after selling 65,154 shares during the period. Ingalls & Snyder LLC’s holdings in eBay were worth $12,956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Cetera Investment Advisers increased its stake in eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after buying an additional 60,544 shares during the last quarter. Cetera Advisors LLC increased its stake in eBay by 106.7% in the 1st quarter. Cetera Advisors LLC now owns 13,777 shares of the e-commerce company’s stock valued at $727,000 after buying an additional 7,112 shares during the last quarter. GAMMA Investing LLC increased its stake in eBay by 123.7% in the 2nd quarter. GAMMA Investing LLC now owns 6,017 shares of the e-commerce company’s stock valued at $323,000 after buying an additional 3,327 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in eBay by 41.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 884 shares of the e-commerce company’s stock valued at $47,000 after buying an additional 258 shares during the last quarter. Finally, DNB Asset Management AS increased its stake in eBay by 4.4% in the 2nd quarter. DNB Asset Management AS now owns 91,990 shares of the e-commerce company’s stock valued at $4,942,000 after buying an additional 3,906 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on EBAY. Bank of America decreased their price objective 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. Mizuho lifted 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 decreased their price objective 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. Stifel Nicolaus lifted their price objective on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.87.

Insider Activity

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on 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 directly owns 548,042 shares in the company, 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 the company’s 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 transaction, the chief financial officer now 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. In the last ninety days, insiders sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Performance

eBay stock traded down $0.12 during midday trading on Tuesday, hitting $63.17. The company’s stock had a trading volume of 4,655,688 shares, compared to its average volume of 4,012,005. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50-day moving average price of $63.62 and a two-hundred day moving average price of $58.50. The company has a market cap of $30.26 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.66 and a beta of 1.35.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is presently 27.14%.

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.