Brinker Capital Investments LLC Sells 3,466 Shares of eBay Inc. (NASDAQ:EBAY)

Brinker Capital Investments LLC decreased its position in eBay Inc. (NASDAQ:EBAYGet Rating) by 13.8% during the third quarter, HoldingsChannel.com reports. The fund owned 21,694 shares of the e-commerce company’s stock after selling 3,466 shares during the quarter. Brinker Capital Investments LLC’s holdings in eBay were worth $799,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in eBay by 0.7% in the 2nd quarter. Nordea Investment Management AB now owns 13,523,599 shares of the e-commerce company’s stock worth $556,632,000 after acquiring an additional 87,950 shares during the last quarter. Deutsche Bank AG increased its stake in eBay by 9.4% in the 2nd quarter. Deutsche Bank AG now owns 6,926,561 shares of the e-commerce company’s stock worth $288,629,000 after acquiring an additional 597,447 shares during the last quarter. Maj Invest Holding A S increased its stake in eBay by 0.4% in the 3rd quarter. Maj Invest Holding A S now owns 6,926,387 shares of the e-commerce company’s stock worth $396,604,000 after acquiring an additional 27,314 shares during the last quarter. Mirova US LLC boosted its holdings in shares of eBay by 6.6% in the 2nd quarter. Mirova US LLC now owns 6,417,384 shares of the e-commerce company’s stock worth $267,417,000 after purchasing an additional 394,840 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of eBay by 33.4% in the 2nd quarter. Franklin Resources Inc. now owns 6,350,663 shares of the e-commerce company’s stock worth $264,634,000 after purchasing an additional 1,590,642 shares during the period. Institutional investors own 85.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Bank of America dropped their target price on eBay from $54.00 to $44.00 and set a “neutral” rating for the company in a report on Monday, October 3rd. Robert W. Baird dropped their target price on eBay from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Cowen dropped their target price on eBay from $52.00 to $45.00 in a report on Wednesday, October 26th. Piper Sandler dropped their target price on eBay from $59.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, November 3rd. Finally, Jefferies Financial Group dropped their price objective on eBay from $52.00 to $42.00 and set a “hold” rating for the company in a report on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $50.89.

Insiders Place Their Bets

In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the director now owns 155,248 shares of the company’s stock, valued at $6,209,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert Holmes Swan sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $40.00, for a total value of $1,000,000.00. Following the completion of the sale, the director now owns 155,248 shares of the company’s stock, valued at $6,209,920. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Brian J. Doerger sold 9,542 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $44.12, for a total value of $420,993.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,853 shares of company stock worth $1,601,581. 0.17% of the stock is owned by corporate insiders.

eBay Trading Up 2.5 %

EBAY opened at $46.66 on Monday. The firm has a market cap of $25.32 billion, a price-to-earnings ratio of -424.18, a PEG ratio of 1.82 and a beta of 1.29. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.36. eBay Inc. has a 12 month low of $35.92 and a 12 month high of $61.34. The stock has a fifty day moving average price of $43.85 and a 200-day moving average price of $43.19.

eBay (NASDAQ:EBAYGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The e-commerce company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.73 by $0.09. eBay had a return on equity of 29.43% and a net margin of 0.28%. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.31 billion. As a group, equities research analysts anticipate that eBay Inc. will post 3.35 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 16th. Shareholders of record on Thursday, December 1st were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, November 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.89%. eBay’s dividend payout ratio is currently -800.00%.

eBay Profile

(Get Rating)

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

Further Reading

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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