Fort L.P. Sells 371 Shares of eBay Inc. (NASDAQ:EBAY)

Fort L.P. decreased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,795 shares of the e-commerce company’s stock after selling 371 shares during the quarter. eBay accounts for about 0.8% of Fort L.P.’s investment portfolio, making the stock its 22nd biggest position. Fort L.P.’s holdings in eBay were worth $312,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Ameriprise Financial Inc. increased its holdings 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 period. Mirova US LLC increased its stake in eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after acquiring an additional 189,505 shares during the period. Victory Capital Management Inc. raised its position in eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after purchasing an additional 838,969 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after purchasing an additional 530,941 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of EBAY traded up $0.60 during mid-day trading on Friday, hitting $58.11. 7,848,154 shares of the company traded hands, compared to its average volume of 4,285,905. eBay Inc. has a one year low of $37.17 and a one year high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average of $62.99 and a 200 day moving average of $56.77. The stock has a market capitalization of $28.42 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.79 and a beta of 1.34.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. As a group, equities analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.86%. eBay’s dividend payout ratio is currently 27.14%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EBAY. Deutsche Bank Aktiengesellschaft dropped their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday. UBS Group dropped their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday. The Goldman Sachs Group increased their price target on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday, October 15th. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $72.00 price target on shares of eBay in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.86.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares of the company’s stock, valued at approximately $36,963,542.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock worth $2,678,424 over the last ninety days. Company insiders own 0.38% of the company’s stock.

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.