eBay Inc. (NASDAQ:EBAY) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 57,414 shares of the e-commerce company’s stock after selling 2,835 shares during the quarter. Mutual of America Capital Management LLC’s holdings in eBay were worth $3,557,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Private Trust Co. NA increased its holdings in shares of eBay by 9.6% during the fourth quarter. Private Trust Co. NA now owns 3,358 shares of the e-commerce company’s stock valued at $208,000 after purchasing an additional 295 shares during the period. QRG Capital Management Inc. increased its holdings in shares of eBay by 2.6% during the fourth quarter. QRG Capital Management Inc. now owns 115,589 shares of the e-commerce company’s stock valued at $7,161,000 after purchasing an additional 2,984 shares during the period. Proficio Capital Partners LLC acquired a new position in eBay during the fourth quarter worth about $8,644,000. Oppenheimer & Co. Inc. grew its holdings in eBay by 5.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,150 shares of the e-commerce company’s stock worth $257,000 after acquiring an additional 224 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in eBay by 2.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 34,960 shares of the e-commerce company’s stock worth $2,166,000 after acquiring an additional 879 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a report on Friday, February 28th. Wedbush assumed coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. Susquehanna lifted their target price on eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on eBay from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th. Finally, Bank of America lowered their target price on eBay from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $65.54.

eBay Trading Down 0.2 %

Shares of NASDAQ EBAY opened at $66.55 on Thursday. eBay Inc. has a one year low of $48.52 and a one year high of $71.61. The firm has a market capitalization of $31.01 billion, a PE ratio of 16.72, a PEG ratio of 2.22 and a beta of 1.45. 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 price of $66.37 and a two-hundred day moving average price of $64.00.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.74%. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, March 14th. eBay’s payout ratio is currently 29.07%.

Insider Activity

In other news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the completion of the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. The trade was a 5.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the sale, the chief executive officer now owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. This represents a 1.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,524 shares of company stock worth $1,390,509 in the last three months. 0.38% of the stock is owned by insiders.

About eBay

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.