eBay Inc. (NASDAQ:EBAY) Shares Sold by Cacti Asset Management LLC

Cacti Asset Management LLC trimmed its position in eBay Inc. (NASDAQ:EBAY) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 243,137 shares of the e-commerce company’s stock after selling 2,515 shares during the quarter. eBay comprises 1.2% of Cacti Asset Management LLC’s holdings, making the stock its 21st largest position. Cacti Asset Management LLC’s holdings in eBay were worth $15,089,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC grew its stake 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 worth $28,000 after purchasing an additional 465 shares during the period. Quarry LP acquired a new position in shares of eBay during the third quarter valued at approximately $36,000. USA Financial Formulas purchased a new stake in shares of eBay during the third quarter worth $38,000. Northwest Investment Counselors LLC acquired a new position in eBay during the third quarter worth $50,000. Finally, Financial Management Professionals Inc. grew its stake in shares of eBay by 276.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after buying an additional 621 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the topic of several research analyst reports. Robert W. Baird reduced their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Barclays reduced their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Tuesday, November 5th. Benchmark reissued a “buy” rating and issued a $65.00 price target on shares of eBay in a research report on Tuesday, October 29th. Finally, Truist Financial upped their price objective on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus target price of $62.63.

eBay Trading Up 1.2 %

Shares of EBAY traded up $0.73 during trading hours on Thursday, hitting $62.68. The stock had a trading volume of 811,815 shares, compared to its average volume of 5,261,301. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The firm has a market cap of $30.02 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.20 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company’s fifty day simple moving average is $62.75 and its 200 day simple moving average is $60.07.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was 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 $4,659,778.80. This trade represents a 5.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,908 shares of company stock valued at $2,110,731 in the last ninety days. Insiders own 0.38% of the company’s stock.

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.