Freedom Investment Management Inc. Sells 1,030 Shares of eBay Inc. (NASDAQ:EBAY)

Freedom Investment Management Inc. decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,464 shares of the e-commerce company’s stock after selling 1,030 shares during the quarter. Freedom Investment Management Inc.’s holdings in eBay were worth $1,463,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. bought a new position in eBay in the second quarter valued at approximately $26,000. Tortoise Investment Management LLC boosted its holdings in eBay by 894.2% during the second 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 last quarter. LRI Investments LLC bought a new position in eBay in the first quarter valued at approximately $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay in the 2nd quarter valued at about $29,000. Finally, Gradient Investments LLC boosted its stake in shares of eBay by 86.3% during the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after acquiring an additional 284 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the sale, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Down 1.2 %

EBAY stock opened at $64.31 on Thursday. The company has a market capitalization of $30.80 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. The firm’s fifty day simple moving average is $63.59 and its 200-day simple moving average is $58.22. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. 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 Dividend Announcement

The business also recently declared 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. This represents a $1.08 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is presently 27.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EBAY shares. Morgan Stanley increased their target price on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Piper Sandler lifted their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Jefferies Financial Group lifted their price target on shares of eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus increased their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.87.

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.