Leonard Rickey Investment Advisors P.L.L.C. Boosts Stock Position in eBay Inc. (NASDAQ:EBAY)

Leonard Rickey Investment Advisors P.L.L.C. raised its position in shares of eBay Inc. (NASDAQ:EBAY) by 17.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,624 shares of the e-commerce company’s stock after buying an additional 676 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in eBay were worth $286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in eBay by 17.6% in the second 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. Nordea Investment Management AB boosted its holdings in eBay by 3.8% in the fourth quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock worth $573,220,000 after acquiring an additional 335,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of eBay by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,447,627 shares of the e-commerce company’s stock worth $354,695,000 after acquiring an additional 216,162 shares during the last quarter. Smead Capital Management Inc. raised its position in shares of eBay by 3.5% in the 3rd quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock valued at $242,584,000 after purchasing an additional 125,708 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in eBay in the 3rd quarter worth approximately $105,506,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $63.63, for a total value of $334,184.76. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. This represents a 7.47 % 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 valued at $1,704,778 over the last ninety days. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on EBAY shares. Truist Financial lifted their price objective on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group increased their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. UBS Group dropped their target price on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Wedbush initiated coverage on shares of eBay in a research note on Monday, December 9th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price objective on shares of eBay in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $62.83.

eBay Trading Up 1.7 %

Shares of eBay stock opened at $66.19 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a twelve month low of $40.33 and a twelve month high of $71.52. The firm has a market capitalization of $31.71 billion, a PE ratio of 16.63, a P/E/G ratio of 2.10 and a beta of 1.35. The firm’s 50-day moving average price is $63.63 and its 200 day moving average price is $61.09.

eBay Dividend Announcement

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

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.