Vident Advisory LLC Sells 58,922 Shares of eBay Inc. (NASDAQ:EBAY)

Vident Advisory LLC trimmed its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 84.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,177 shares of the e-commerce company's stock after selling 58,922 shares during the period. Vident Advisory LLC's holdings in eBay were worth $693,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new stake in eBay in the 4th quarter worth about $27,000. Itau Unibanco Holding S.A. purchased a new position in shares of eBay during the 4th quarter worth about $33,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the fourth quarter worth approximately $36,000. Transce3nd LLC acquired a new stake in shares of eBay in the fourth quarter worth approximately $36,000. Finally, Lee Danner & Bass Inc. purchased a new stake in eBay in the fourth quarter valued at approximately $40,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Julie A. Loeger sold 127,070 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the transaction, the senior vice president now owns 123,282 shares of the company's stock, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 280,650 shares of company stock valued at $19,637,729. Corporate insiders own 0.64% of the company's stock.

eBay Stock Performance

Shares of EBAY stock traded down $0.04 during trading on Wednesday, reaching $72.40. The company had a trading volume of 6,425,444 shares, compared to its average volume of 4,978,263. The firm's 50 day simple moving average is $67.37 and its two-hundred day simple moving average is $66.02. eBay Inc. has a one year low of $51.38 and a one year high of $73.16. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $33.38 billion, a PE ratio of 18.19, a PEG ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.04. eBay had a return on equity of 30.97% and a net margin of 19.68%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The company's quarterly revenue was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.60%. eBay's dividend payout ratio is currently 27.62%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of eBay from $68.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Evercore ISI lifted their target price on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a report on Thursday, May 1st. Daiwa America upgraded eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Truist Financial lifted their price objective on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Barclays boosted their target price on eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $67.42.

eBay Company 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.