Centaurus Financial Inc. Cuts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Centaurus Financial Inc. lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 3.0% in the third quarter, Holdings Channel reports. The institutional investor owned 7,214 shares of the e-commerce company’s stock after selling 220 shares during the period. Centaurus Financial Inc.’s holdings in eBay were worth $470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ameriprise Financial Inc. lifted its stake in shares of eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the last quarter. Swedbank AB bought a new stake in shares of eBay in the 1st quarter valued at about $73,777,000. Altshuler Shaham Ltd purchased a new position in shares of eBay in the 2nd quarter worth approximately $71,593,000. LSV Asset Management raised its stake in shares of eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after acquiring an additional 1,216,885 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of eBay during the 2nd quarter worth approximately $49,924,000. Institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

EBAY opened at $65.09 on Wednesday. The firm has a fifty day moving average price of $63.57 and a 200 day moving average price of $58.18. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $67.80. The stock has a market cap of $31.18 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.66 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Analysts Set New Price Targets

Several equities analysts have issued reports on EBAY shares. Evercore ISI lifted their price target on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their target price on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Susquehanna increased their price target on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Bank of America lowered their price target on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.87.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the company’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 completion of 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 document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,016 shares of company stock valued at $3,015,417 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

eBay 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.