Lindsell Train Ltd Sells 461,901 Shares of eBay Inc. (NASDAQ:EBAY)

Lindsell Train Ltd trimmed its stake in shares of eBay Inc. (NASDAQ:EBAY) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,646,121 shares of the e-commerce company’s stock after selling 461,901 shares during the period. eBay comprises about 5.6% of Lindsell Train Ltd’s holdings, making the stock its 8th biggest holding. Lindsell Train Ltd’s holdings in eBay were worth $225,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quarry LP purchased a new stake in shares of eBay in the third quarter valued at $36,000. USA Financial Formulas acquired a new position in eBay during the third quarter valued at $38,000. Northwest Investment Counselors LLC acquired a new position in eBay during the third quarter valued at $50,000. Versant Capital Management Inc lifted its stake in eBay by 115.5% in the 4th quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock worth $52,000 after acquiring an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. boosted its position in eBay by 276.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after acquiring an additional 621 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Up 1.4 %

Shares of NASDAQ:EBAY opened at $64.75 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50-day moving average is $63.81 and its 200-day moving average is $61.28. The company has a market cap of $31.02 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.02 and a beta of 1.35. eBay Inc. has a 52-week low of $40.74 and a 52-week high of $71.52.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.67%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of research reports. Truist Financial upped their target price on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Wedbush initiated coverage on shares of eBay in a research report on Monday, December 9th. They issued a “neutral” rating and a $70.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 price objective on shares of eBay in a report on Monday, October 7th. Finally, Barclays reduced their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Two equities research 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.83.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,033 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $64.93, for a total transaction of $67,072.69. Following the completion of the transaction, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,149 shares of company stock worth $1,704,778 over the last three months. 0.38% of the stock is currently owned by insiders.

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.