Sigma Planning Corp Acquires Shares of 3,328 eBay Inc. (NASDAQ:EBAY)

Sigma Planning Corp bought a new position in eBay Inc. (NASDAQ:EBAY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,328 shares of the e-commerce company’s stock, valued at approximately $217,000.

Several other hedge funds have also recently modified their holdings of EBAY. Thurston Springer Miller Herd & Titak Inc. bought a new position in eBay during the second quarter valued at approximately $26,000. Tortoise Investment Management LLC raised its holdings in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after acquiring an additional 465 shares in the last quarter. LRI Investments LLC bought a new position in shares of eBay during the 1st quarter valued at approximately $29,000. Hobbs Group Advisors LLC bought a new position in shares of eBay during the 2nd quarter valued at approximately $29,000. Finally, Gradient Investments LLC increased its position in eBay by 86.3% in the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after purchasing an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EBAY. Robert W. Baird lowered their price objective on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Piper Sandler lifted their price target on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. UBS Group decreased their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Barclays dropped their target price on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay presently has an average rating of “Hold” and an average target price of $62.87.

eBay Stock Performance

eBay stock opened at $61.43 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market capitalization of $29.42 billion, a PE ratio of 15.43, a P/E/G ratio of 1.60 and a beta of 1.34. The company has a 50 day moving average price of $63.53 and a 200-day moving average price of $57.55. eBay Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $67.80.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is currently owned by corporate insiders.

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.