eBay Inc. (NASDAQ:EBAY) Shares Sold by Redwood Investment Management LLC

Redwood Investment Management LLC decreased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 73.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,465 shares of the e-commerce company's stock after selling 78,181 shares during the quarter. Redwood Investment Management LLC's holdings in eBay were worth $1,763,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,413,725.60. This represents a 30.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the sale, the senior vice president now directly owns 123,282 shares in the company, valued at $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 three months, insiders have sold 187,755 shares of company stock worth $12,943,715. 0.64% of the stock is owned by corporate insiders.

eBay Stock Performance

Shares of NASDAQ:EBAY traded up $0.59 during trading hours on Monday, hitting $72.43. The stock had a trading volume of 4,095,773 shares, compared to its average volume of 4,985,228. The stock's fifty day simple moving average is $66.49 and its 200 day simple moving average is $65.50. The firm has a market capitalization of $33.39 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 1-year low of $51.02 and a 1-year high of $72.52.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (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 quarter in the previous year, the firm posted $1.25 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

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

Analyst Upgrades and Downgrades

EBAY has been the topic of several analyst reports. Citigroup dropped their price target on shares of eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JMP Securities reiterated a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Wells Fargo & Company raised their price objective on eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. UBS Group increased their target price on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Finally, Needham & Company LLC boosted their target price on shares of eBay from $72.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $67.42.

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.