eBay Inc. (NASDAQ:EBAY) Shares Sold by Geller Advisors LLC

Geller Advisors LLC decreased its position in eBay Inc. (NASDAQ:EBAY) by 44.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,441 shares of the e-commerce company’s stock after selling 2,742 shares during the quarter. Geller Advisors LLC’s holdings in eBay were worth $224,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Tortoise Investment Management LLC grew its position in shares of eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of eBay during the second quarter worth approximately $29,000. Gradient Investments LLC grew its position in shares of eBay by 86.3% during the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after buying an additional 284 shares in the last quarter. Quarry LP acquired a new stake in shares of eBay during the third quarter worth approximately $36,000. Finally, USA Financial Formulas acquired a new stake in shares of eBay during the third quarter worth approximately $38,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EBAY. The Goldman Sachs Group raised their price objective on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Wedbush began coverage on eBay in a research note on Monday. They set a “neutral” rating and a $70.00 price objective on the stock. Citigroup raised their price objective on eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.17.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,641 shares of company stock valued at $3,370,974 over the last three months. Company insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $65.14 on Tuesday. The firm’s 50-day simple moving average is $63.54 and its 200 day simple moving average is $58.91. The stock has a market cap of $31.20 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.67 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. 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 Announces Dividend

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

eBay Company 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.