Lake Street Advisors Group LLC Decreases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Lake Street Advisors Group LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,593 shares of the e-commerce company’s stock after selling 293 shares during the quarter. Lake Street Advisors Group LLC’s holdings in eBay were worth $656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Cypress Wealth Services LLC lifted its position in eBay by 4.7% during the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock valued at $216,000 after buying an additional 157 shares during the period. IFP Advisors Inc lifted its holdings in shares of eBay by 7.2% during the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after purchasing an additional 163 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after acquiring an additional 167 shares during the last quarter. Optas LLC boosted its holdings in eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after purchasing an additional 171 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in shares of eBay by 1.2% during the 4th quarter. Kathmere Capital Management LLC now owns 14,250 shares of the e-commerce company’s stock valued at $883,000 after buying an additional 173 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 3,989 shares of the business’s stock in a transaction that occurred 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 owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock valued at $1,746,065 over the last three months. 0.38% of the stock is owned by company insiders.

eBay Price Performance

Shares of EBAY stock opened at $63.48 on Friday. The company’s 50-day simple moving average is $66.23 and its two-hundred day simple moving average is $63.66. 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 Inc. has a one year low of $46.98 and a one year high of $71.61. The company has a market capitalization of $30.41 billion, a P/E ratio of 15.95, a P/E/G ratio of 2.22 and a beta of 1.35.

eBay Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.83%. eBay’s payout ratio is 27.14%.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of research reports. Jefferies Financial Group cut eBay from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $60.00 to $52.00 in a research report on Tuesday, December 10th. Cantor Fitzgerald upped their price target on shares of eBay from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays set a $72.00 price objective on shares of eBay and gave the stock an “overweight” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of eBay in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on shares of eBay from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $65.33.

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.