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

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

Other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of eBay in the 3rd quarter valued at $36,000. USA Financial Formulas bought a new position in eBay during the 3rd quarter valued at about $38,000. Northwest Investment Counselors LLC bought a new position in eBay during the 3rd quarter valued at about $50,000. Versant Capital Management Inc boosted its position in eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after buying an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its stake 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 buying an additional 621 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of eBay 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 directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,283 shares of company stock worth $1,738,975. Corporate insiders own 0.38% of the company’s stock.

eBay Trading Down 1.1 %

EBAY opened at $61.61 on Friday. The firm’s fifty day moving average is $62.70 and its two-hundred day moving average is $60.15. The firm has a market cap of $29.51 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. eBay Inc. has a twelve month low of $40.16 and a twelve month high of $67.80. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.75%. The ex-dividend date was Friday, November 29th. eBay’s payout ratio is presently 27.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Wedbush assumed coverage on eBay in a report on Monday, December 9th. They set a “neutral” rating and a $70.00 target price on the stock. Robert W. Baird cut their price target on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.92.

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.