GAMMA Investing LLC Has $650,000 Stake in eBay Inc. (NASDAQ:EBAY)

GAMMA Investing LLC lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 13.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,485 shares of the e-commerce company’s stock after buying an additional 1,220 shares during the period. GAMMA Investing LLC’s holdings in eBay were worth $650,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quarry LP bought a new stake in eBay in the 3rd quarter valued at approximately $36,000. USA Financial Formulas acquired a new stake in shares of eBay in the third quarter valued at approximately $38,000. Northwest Investment Counselors LLC acquired a new stake in shares of eBay in the third quarter valued at approximately $50,000. Versant Capital Management Inc lifted its position 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 purchasing an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after purchasing an additional 621 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other eBay news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This trade represents a 5.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now 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 have sold a total of 27,283 shares of company stock worth $1,738,975 in the last 90 days. Company insiders own 0.38% of the company’s stock.

eBay Stock Performance

NASDAQ EBAY opened at $61.61 on Friday. The firm has a 50-day moving average price of $62.70 and a two-hundred day moving average price of $60.15. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The company has a market capitalization of $29.51 billion, a P/E ratio of 15.48, a P/E/G ratio of 2.20 and a beta of 1.35. 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 business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Analyst Ratings Changes

EBAY has been the topic of several recent research reports. Bank of America lowered their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Robert W. Baird lowered their target price on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Truist Financial upped their target price on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Mizuho raised their price target on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Benchmark reiterated a “buy” rating and set a $65.00 price objective on shares of eBay in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus target price 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.