Isthmus Partners LLC Has $15.59 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Isthmus Partners LLC trimmed its position in eBay Inc. (NASDAQ:EBAY) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,453 shares of the e-commerce company’s stock after selling 3,890 shares during the quarter. eBay makes up 1.9% of Isthmus Partners LLC’s portfolio, making the stock its 13th biggest position. Isthmus Partners LLC’s holdings in eBay were worth $15,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in shares of eBay by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock worth $37,887,000 after buying an additional 20,712 shares during the period. Comerica Bank grew its position in shares of eBay by 10.4% during the 1st quarter. Comerica Bank now owns 126,717 shares of the e-commerce company’s stock worth $6,688,000 after buying an additional 11,921 shares during the period. LRI Investments LLC acquired a new position in shares of eBay during the 1st quarter worth about $29,000. PGGM Investments acquired a new position in shares of eBay during the 1st quarter worth about $1,716,000. Finally, Cetera Investment Advisers grew its position in shares of eBay by 325.4% during the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after buying an additional 60,544 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EBAY has been the subject of several analyst reports. Benchmark restated a “buy” rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. TD Cowen lifted their price objective on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their price objective on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group lifted their price objective on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, UBS Group cut their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and an average price target of $62.87.

eBay Stock Down 1.2 %

EBAY stock opened at $64.31 on Friday. 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 firm has a market capitalization of $30.80 billion, a PE ratio of 16.16, a PEG ratio of 1.69 and a beta of 1.34. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The business’s 50 day simple moving average is $63.61 and its 200 day simple moving average is $58.26.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is presently 27.14%.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This represents a 1.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,016 shares of company stock valued at $3,015,417 in the last ninety days. 0.38% of the stock is currently owned by corporate 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.