Voya Investment Management LLC Sells 12,245 Shares of eBay Inc. (NASDAQ:EBAY)

Voya Investment Management LLC lowered its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,705 shares of the e-commerce company's stock after selling 12,245 shares during the quarter. Voya Investment Management LLC's holdings in eBay were worth $9,274,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Smithfield Trust Co grew its position in shares of eBay by 3.6% during the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company's stock valued at $274,000 after acquiring an additional 153 shares during the period. Cypress Wealth Services LLC increased its position in eBay by 4.7% in the fourth quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock worth $216,000 after buying an additional 157 shares during the last quarter. IFP Advisors Inc raised its stake in shares of eBay by 7.2% in the fourth quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company's stock valued at $150,000 after buying an additional 163 shares during the period. Capital Investment Advisors LLC grew its stake in shares of eBay by 4.1% during the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company's stock worth $262,000 after acquiring an additional 167 shares during the period. Finally, Bailard Inc. increased its holdings in eBay by 0.5% in the 4th quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company's stock worth $2,147,000 after acquiring an additional 169 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Transactions at eBay

In other eBay news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the completion of the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock worth $3,121,626 over the last quarter. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EBAY shares. Bank of America cut their target price on shares of eBay from $72.00 to $71.00 and set a "neutral" rating for the company in a research report on Thursday, February 27th. Barclays upped their target price on eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday. UBS Group upped their price objective on shares of eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday. Piper Sandler boosted their price target on shares of eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, TD Securities raised their price objective on shares of eBay from $62.00 to $64.00 and gave the company a "hold" rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, eBay presently has a consensus rating of "Hold" and an average price target of $67.12.

eBay Stock Down 0.7 %

Shares of NASDAQ:EBAY traded down $0.49 on Thursday, hitting $67.67. 9,919,999 shares of the company traded hands, compared to its average volume of 5,008,652. The company has a market cap of $31.53 billion, a PE ratio of 17.00, a PEG ratio of 2.22 and a beta of 1.43. The stock has a 50 day simple moving average of $65.92 and a 200-day simple moving average of $65.00. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61. 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 (NASDAQ:EBAY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, research analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.71%. eBay's payout ratio is 29.07%.

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.