Prospector Partners LLC Has $3.26 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Prospector Partners LLC trimmed its position in eBay Inc. (NASDAQ:EBAY) by 9.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 50,125 shares of the e-commerce company’s stock after selling 5,200 shares during the period. Prospector Partners LLC’s holdings in eBay were worth $3,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay in the 2nd quarter valued at approximately $26,000. Tortoise Investment Management LLC boosted its position in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares during the period. Hobbs Group Advisors LLC acquired a new stake in shares of eBay in the second quarter worth $29,000. LRI Investments LLC bought a new position in eBay during the first quarter worth $29,000. Finally, USA Financial Formulas acquired a new position in eBay during the 3rd quarter valued at $38,000. 87.48% of the stock is owned by institutional investors.

eBay Trading Up 2.8 %

EBAY stock opened at $64.99 on Tuesday. The business has a fifty day moving average price of $63.57 and a 200 day moving average price of $58.08. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The stock has a market capitalization of $31.13 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 1.66 and a beta of 1.34.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. eBay’s dividend payout ratio is 27.14%.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the 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 transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction 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 sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 over the last ninety days. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EBAY shares. TD Cowen raised their price target on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Mizuho lifted their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price target on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. Finally, Barclays cut their target price on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.87.

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.