Hartford Investment Management Co. Reduces Holdings in eBay Inc. (NASDAQ:EBAY)

Hartford Investment Management Co. trimmed its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,786 shares of the e-commerce company’s stock after selling 1,603 shares during the quarter. Hartford Investment Management Co.’s holdings in eBay were worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after buying an additional 153 shares during the period. Davis Investment Partners LLC grew its holdings in eBay by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after acquiring an additional 180 shares during the last quarter. Quent Capital LLC increased its position in shares of eBay by 6.8% in the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after acquiring an additional 202 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of eBay by 3.0% during the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after acquiring an additional 219 shares during the last quarter. Finally, Harrington Investments INC boosted its holdings in shares of eBay by 0.6% during the third quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock worth $2,434,000 after purchasing an additional 232 shares during the period. Institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $63.59 on Friday. The company has a 50 day moving average of $62.40 and a 200 day moving average of $56.28. The firm has a market cap of $31.92 billion, a P/E ratio of 12.67, a PEG ratio of 2.59 and a beta of 1.32. eBay Inc. has a twelve month low of $37.17 and a twelve month 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 1.12.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. As a group, research analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.70%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Wall Street Analyst Weigh In

A number of research firms have commented on EBAY. Wells Fargo & Company upped their price target on eBay from $55.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, October 3rd. Susquehanna upped their target price on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of eBay in a report on Wednesday. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $61.38.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,391 shares of company stock valued at $2,678,424 over the last three months. Corporate insiders own 0.38% of the company’s stock.

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.