Hudson Capital Management LLC Reduces Position in eBay Inc. (NASDAQ:EBAY)

Hudson Capital Management LLC trimmed its position in eBay Inc. (NASDAQ:EBAY) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,723 shares of the e-commerce company’s stock after selling 5,467 shares during the period. eBay comprises 1.5% of Hudson Capital Management LLC’s portfolio, making the stock its 28th biggest holding. Hudson Capital Management LLC’s holdings in eBay were worth $4,753,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Private Advisor Group LLC increased its position in shares of eBay by 90.7% during the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after purchasing an additional 21,636 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after acquiring an additional 1,063 shares during the period. Prospera Financial Services Inc boosted its holdings in eBay by 794.2% during the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after acquiring an additional 62,719 shares during the period. Trustmark National Bank Trust Department purchased a new position in eBay during the 3rd quarter valued at $1,307,000. Finally, Principal Financial Group Inc. boosted its holdings in eBay by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock valued at $38,686,000 after acquiring an additional 9,990 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Down 1.2 %

Shares of EBAY stock opened at $63.88 on Thursday. 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 1 year low of $40.74 and a 1 year high of $71.52. The stock has a fifty day moving average of $63.77 and a two-hundred day moving average of $61.27. The firm has a market capitalization of $30.60 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 2.05 and a beta of 1.35.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total transaction of $355,556.25. Following the transaction, the chief executive officer now owns 531,167 shares in the company, valued at approximately $33,575,066.07. The trade was a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of eBay stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $64.93, for a total value of $67,072.69. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,149 shares of company stock valued at $1,704,778. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

EBAY has been the subject of several research reports. Stifel Nicolaus upped their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. UBS Group lowered their target price on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 target price on shares of eBay in a report on Monday, October 7th. Morgan Stanley upped their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Bank of America reduced their price target on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.83.

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.