eBay Inc. (NASDAQ:EBAY) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its stake in eBay Inc. (NASDAQ:EBAY) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,341,802 shares of the e-commerce company’s stock after selling 129,165 shares during the period. Russell Investments Group Ltd. owned 0.49% of eBay worth $145,106,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Public Sector Pension Investment Board increased its position in eBay by 9.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 19,555 shares of the e-commerce company’s stock valued at $1,273,000 after acquiring an additional 1,700 shares during the period. Benjamin Edwards Inc. grew its position in eBay by 4.2% during the third quarter. Benjamin Edwards Inc. now owns 13,324 shares of the e-commerce company’s stock worth $868,000 after buying an additional 543 shares during the period. IHT Wealth Management LLC purchased a new position in eBay in the 3rd quarter valued at approximately $244,000. Quarry LP purchased a new position in shares of eBay in the third quarter valued at $36,000. Finally, Quantinno Capital Management LP grew its position in shares of eBay by 15.2% in the third quarter. Quantinno Capital Management LP now owns 81,538 shares of the e-commerce company’s stock valued at $5,309,000 after purchasing an additional 10,787 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, February 27th. Citigroup lifted their target price on shares of eBay from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Morgan Stanley increased their price target on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group increased their target price on eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, seventeen have assigned 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 $65.46.

eBay Stock Down 6.0 %

Shares of eBay stock opened at $62.40 on Friday. The company has a market capitalization of $29.08 billion, a P/E ratio of 15.68, a PEG ratio of 2.22 and a beta of 1.43. 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 1-year low of $48.52 and a 1-year high of $71.61. The business’s fifty day moving average price is $67.26 and its two-hundred day moving average price is $65.03.

eBay Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.29 per share. This is a boost from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a yield of 1.86%. eBay’s dividend payout ratio (DPR) is presently 29.07%.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,958 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was 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 in the company, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 1,033 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This trade represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,676 shares of company stock worth $2,613,807. 0.38% of the stock is 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.