Coppell Advisory Solutions LLC Trims Position in eBay Inc. (NASDAQ:EBAY)

Coppell Advisory Solutions LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,637 shares of the e-commerce company’s stock after selling 229 shares during the period. Coppell Advisory Solutions LLC’s holdings in eBay were worth $102,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new stake in eBay in the 4th quarter valued at about $27,000. New Wave Wealth Advisors LLC acquired a new stake in shares of eBay in the fourth quarter worth approximately $36,000. Transce3nd LLC purchased a new stake in eBay in the fourth quarter valued at approximately $36,000. Lee Danner & Bass Inc. acquired a new position in eBay during the fourth quarter worth approximately $40,000. Finally, Versant Capital Management Inc raised its stake in eBay by 115.5% during 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 during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,308,946.80. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Cornelius Boone sold 3,958 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 94,392 shares in the company, valued at approximately $6,329,927.52. This represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,310 shares of company stock valued at $3,121,626. Insiders own 0.38% of the company’s stock.

eBay Stock Performance

eBay stock opened at $67.83 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average of $66.05 and a 200-day moving average of $64.98. The stock has a market cap of $31.61 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. eBay Inc. has a 52 week low of $48.52 and a 52 week high of $71.61.

eBay Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.29 per share. This is a positive change from eBay’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, March 14th. eBay’s dividend payout ratio (DPR) is currently 29.07%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EBAY shares. Citigroup dropped their price objective on eBay from $80.00 to $79.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. dropped their price target on eBay from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of eBay in a research note on Thursday, February 27th. UBS Group increased their target price on shares of eBay from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Monday, February 24th. Finally, Sanford C. Bernstein cut shares of eBay from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $70.00 to $65.00 in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $64.79.

eBay 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.