eBay Inc. (NASDAQ:EBAY) Shares Sold by Bremer Bank National Association

Bremer Bank National Association lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 17.9% during the fourth quarter, HoldingsChannel reports. The firm owned 4,086 shares of the e-commerce company’s stock after selling 890 shares during the period. Bremer Bank National Association’s holdings in eBay were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EBAY. Ameriprise Financial Inc. raised its stake in shares of eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares during the period. Wellington Management Group LLP purchased a new stake in shares of eBay during the third quarter valued at approximately $105,506,000. Altshuler Shaham Ltd purchased a new stake in shares of eBay during the second quarter valued at approximately $71,593,000. International Assets Investment Management LLC raised its stake in shares of eBay by 9,092.5% during the third quarter. International Assets Investment Management LLC now owns 585,013 shares of the e-commerce company’s stock valued at $38,090,000 after purchasing an additional 578,649 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of eBay by 599.3% during the third quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after purchasing an additional 461,708 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

EBAY stock opened at $66.19 on Monday. The company has a market capitalization of $31.71 billion, a P/E ratio of 16.63, a PEG ratio of 2.10 and a beta of 1.35. The company has a 50-day simple moving average of $63.63 and a 200 day simple moving average of $61.09. eBay Inc. has a fifty-two week low of $40.33 and a fifty-two week high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s payout ratio is currently 27.14%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the sale, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $63.63, for a total transaction of $334,184.76. Following the completion of the sale, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,149 shares of company stock valued at $1,704,778 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on EBAY shares. Piper Sandler lifted their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. UBS Group dropped their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group lifted their price target on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Finally, JMP Securities restated a “market perform” rating on shares of eBay in a research note on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.83.

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.