Kovitz Investment Group Partners LLC Decreases Stock Position in eBay Inc. (NASDAQ:EBAY)

Kovitz Investment Group Partners LLC decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 51.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,919 shares of the e-commerce company’s stock after selling 24,433 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in eBay were worth $1,492,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

EBAY has been the topic of a number of research analyst reports. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. The Goldman Sachs Group boosted their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. TD Cowen boosted their price objective on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Benchmark reiterated a “buy” rating and set a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.63.

eBay Stock Down 2.9 %

EBAY opened at $63.23 on Wednesday. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $30.29 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35. The business’s 50-day simple moving average is $63.54 and its 200-day simple moving average is $58.91.

eBay Dividend Announcement

The firm 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 dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Activity

In related 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 transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. The trade was a 1.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,641 shares of company stock valued at $3,370,974 in the last ninety days. 0.38% of the stock is currently owned by company insiders.

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.