Ridgewood Investments LLC Sells 214 Shares of eBay Inc. (NASDAQ:EBAY)

Ridgewood Investments LLC decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,193 shares of the e-commerce company’s stock after selling 214 shares during the period. Ridgewood Investments LLC’s holdings in eBay were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EBAY. Quarry LP bought a new stake in shares of eBay in the third quarter worth $36,000. USA Financial Formulas bought a new stake in shares of eBay in the third quarter worth $38,000. Northwest Investment Counselors LLC bought a new stake in shares of eBay in the third quarter worth $50,000. Versant Capital Management Inc grew its holdings in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares during the period. Finally, Financial Management Professionals Inc. grew its holdings in shares of eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after acquiring an additional 621 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total value of $350,887.50. Following the completion of the sale, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $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 sold a total of 27,283 shares of company stock worth $1,715,462 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Down 4.1 %

Shares of NASDAQ:EBAY traded down $2.87 during trading on Friday, hitting $66.53. The company’s stock had a trading volume of 3,498,755 shares, compared to its average volume of 6,978,625. The business has a 50 day moving average price of $63.08 and a two-hundred day moving average price of $60.48. The company has a market capitalization of $31.87 billion, a PE ratio of 16.72, a P/E/G ratio of 2.20 and a beta of 1.35. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $71.52.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.62%. eBay’s dividend payout ratio (DPR) is 27.14%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wedbush began coverage on eBay in a report on Monday, December 9th. They issued a “neutral” rating and a $70.00 price objective for the company. Wells Fargo & Company lowered their price objective on eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Tuesday, November 5th. Jefferies Financial Group downgraded eBay from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $60.00 to $52.00 in a research report on Tuesday, December 10th. Finally, TD Cowen boosted their target price on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.92.

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.