eBay Inc. (NASDAQ:EBAY) Shares Sold by Davies Financial Advisors Inc.

21 Jan 2025, 07:20 by Teresa Graham · The Cerbat Gem

Davies Financial Advisors Inc. lessened its stake in eBay Inc. (NASDAQ:EBAY – Free Report) by 13.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,415 shares of the e-commerce company’s stock after selling 1,338 shares during the quarter. Davies Financial Advisors Inc.’s holdings in eBay were worth $521,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in eBay during the 3rd quarter worth approximately $36,000. USA Financial Formulas acquired a new position in shares of eBay during the third quarter worth $38,000. Northwest Investment Counselors LLC purchased a new position in eBay in the third quarter valued at $50,000. Versant Capital Management Inc raised its stake in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. lifted its holdings in eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after buying an additional 621 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Up 1.7 %

Shares of NASDAQ:EBAY opened at $66.19 on Tuesday. eBay Inc. has a fifty-two week low of $40.33 and a fifty-two week high of $71.52. 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 firm’s 50-day simple moving average is $63.63 and its 200-day simple moving average is $61.09. The company has a market cap of $31.71 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.10 and a beta of 1.35.

eBay Announces Dividend

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

Insiders Place Their Bets

In related news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred 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 sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 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 $32,833,196.22. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,149 shares of company stock worth $1,704,778. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley boosted their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Mizuho boosted their price objective on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Bank of America cut their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Finally, Piper Sandler upped their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.83.

Read Our Latest Research Report on EBAY

eBay Company Profile

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