Palouse Capital Management Inc. Sells 1,217 Shares of eBay Inc. (NASDAQ:EBAY)

Palouse Capital Management Inc. decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,071 shares of the e-commerce company’s stock after selling 1,217 shares during the quarter. Palouse Capital Management Inc.’s holdings in eBay were worth $1,828,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of eBay during the second quarter valued at approximately $26,000. Tortoise Investment Management LLC boosted its position in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares in the last quarter. LRI Investments LLC bought a new stake in eBay in the first quarter valued at about $29,000. Hobbs Group Advisors LLC acquired a new position in eBay in the second quarter worth about $29,000. Finally, Washington Trust Advisors Inc. bought a new position in eBay during the first quarter worth about $30,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company’s 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 sale, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock valued at $2,678,424 in the last quarter. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on EBAY. Truist Financial raised their target price on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Wolfe Research assumed coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Daiwa America raised shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Citigroup upped their price objective on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. initiated coverage on eBay in a report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 target price on the stock. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $59.10.

eBay Trading Down 1.4 %

NASDAQ EBAY traded down $0.90 on Monday, reaching $64.05. The company had a trading volume of 1,707,542 shares, compared to its average volume of 5,452,114. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $67.80. The stock has a market cap of $32.15 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 2.59 and a beta of 1.32. The stock’s 50 day moving average is $61.93 and its 200-day moving average is $56.06.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Equities analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, August 30th. eBay’s payout ratio is 21.51%.

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.