Guggenheim Capital LLC Trims Stake in eBay Inc. (NASDAQ:EBAY)

Guggenheim Capital LLC lessened its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 65.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,207 shares of the e-commerce company's stock after selling 28,461 shares during the quarter. Guggenheim Capital LLC's holdings in eBay were worth $942,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co bought a new stake in eBay during the third quarter worth $203,000. World Investment Advisors LLC bought a new position in eBay during the third quarter worth about $2,947,000. Arvest Bank Trust Division acquired a new position in eBay during the third quarter worth approximately $9,716,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of eBay in the third quarter valued at approximately $241,000. Finally, Tidal Investments LLC boosted its stake in shares of eBay by 7.5% during the 3rd quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company's stock worth $4,376,000 after acquiring an additional 4,677 shares during the period. Institutional investors own 87.48% of the company's stock.

eBay Stock Performance

EBAY stock traded up $0.63 during midday trading on Friday, hitting $67.83. The company's stock had a trading volume of 4,200,775 shares, compared to its average volume of 4,956,385. eBay Inc. has a 1 year low of $48.52 and a 1 year high of $71.61. The stock has a market cap of $31.61 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.22 and a beta of 1.43. The stock's 50-day moving average price is $66.05 and its 200 day moving average price is $64.96. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from eBay's previous quarterly dividend of $0.27. eBay's dividend payout ratio (DPR) is 29.07%.

Wall Street Analyst Weigh In

EBAY has been the topic of several research reports. Benchmark upped their price objective on shares of eBay from $65.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Barclays set a $72.00 price target on shares of eBay and gave the company an "overweight" rating in a research note on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $72.00 price target on shares of eBay in a report on Thursday, February 27th. Sanford C. Bernstein lowered eBay from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $70.00 to $65.00 in a report on Tuesday, April 22nd. Finally, Cantor Fitzgerald increased their price objective on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $64.79.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,308,946.80. This trade represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the transaction, the chief executive officer now directly owns 590,108 shares of the company's stock, valued at approximately $39,153,665.80. This trade represents a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,310 shares of company stock valued at $3,121,626. Company insiders own 0.38% of the company's stock.

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.