OneAscent Financial Services LLC cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 24.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,450 shares of the e-commerce company’s stock after selling 3,785 shares during the quarter. OneAscent Financial Services LLC’s holdings in eBay were worth $575,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of EBAY. Gradient Investments LLC lifted its holdings in shares of eBay by 70.7% during the third quarter. Gradient Investments LLC now owns 512 shares of the e-commerce company’s stock worth $27,000 after purchasing an additional 212 shares during the period. Nachman Norwood & Parrott Inc acquired a new position in shares of eBay during the 3rd quarter worth $27,000. Adams Wealth Management acquired a new position in shares of eBay during the 3rd quarter worth $27,000. Clear Harbor Asset Management LLC acquired a new position in shares of eBay during the 3rd quarter worth $36,000. Finally, Global Retirement Partners LLC raised its stake in shares of eBay by 392.7% during the 3rd quarter. Global Retirement Partners LLC now owns 739 shares of the e-commerce company’s stock worth $39,000 after buying an additional 589 shares during the last quarter. 85.31% of the stock is owned by hedge funds and other institutional investors.
Shares of EBAY opened at $55.71 on Thursday. The company has a market cap of $38.40 billion, a P/E ratio of 7.75, a PEG ratio of 1.33 and a beta of 1.26. The stock has a fifty day moving average price of $51.33 and a 200 day moving average price of $52.99. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.75 and a quick ratio of 1.75. eBay Inc. has a 12 month low of $26.02 and a 12 month high of $61.06.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 18th. Stockholders of record on Tuesday, December 1st were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. eBay’s dividend payout ratio (DPR) is 27.59%.
A number of analysts recently commented on the company. ValuEngine cut eBay from a “hold” rating to a “sell” rating in a research report on Thursday, November 5th. Wedbush reiterated a “buy” rating on shares of eBay in a research report on Friday, September 18th. Piper Sandler lifted their price objective on eBay from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Benchmark lifted their price objective on eBay from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Finally, Morgan Stanley lowered their price target on eBay from $62.00 to $57.00 and set an “equal weight” rating for the company in a report on Thursday, October 29th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $60.64.
In related news, SVP Pete Thompson sold 853 shares of the stock in a transaction dated Thursday, December 17th. The stock was sold at an average price of $53.63, for a total value of $45,746.39. Following the completion of the sale, the senior vice president now directly owns 14,801 shares of the company’s stock, valued at approximately $793,777.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brian J. Doerger sold 4,670 shares of the stock in a transaction dated Tuesday, November 24th. The stock was sold at an average price of $50.78, for a total value of $237,142.60. Following the completion of the sale, the chief accounting officer now directly owns 24,192 shares of the company’s stock, valued at $1,228,469.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,052 shares of company stock valued at $654,339. Insiders own 5.02% of the company’s stock.
eBay Inc operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps; and Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others that offer online classifieds to help people find what they are looking for in their local communities.
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