EP Wealth Advisors LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 21,796 shares of the e-commerce company's stock, valued at approximately $1,419,000.
Several other institutional investors also recently bought and sold shares of EBAY. Ameriprise Financial Inc. boosted its holdings in eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock worth $1,394,797,000 after acquiring an additional 3,880,649 shares during the period. Mirova US LLC increased its holdings in shares of eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company's stock valued at $492,657,000 after acquiring an additional 189,505 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company's stock valued at $404,879,000 after acquiring an additional 838,969 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company's stock worth $361,159,000 after purchasing an additional 530,941 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in eBay by 22.2% in the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company's stock worth $360,211,000 after purchasing an additional 1,216,885 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This represents a 5.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,641 shares of company stock valued at $3,370,974. 0.38% of the stock is owned by insiders.
A number of analysts have weighed in on the stock. Piper Sandler increased their target price on shares of eBay from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. TD Cowen raised their target price on shares of eBay from $45.00 to $54.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Wedbush started coverage on eBay in a research note on Monday. They issued a "neutral" rating and a $70.00 target price for the company. StockNews.com cut eBay from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company reduced their price objective on eBay from $63.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $63.17.
Read Our Latest Research Report on EBAY
EBAY opened at $65.14 on Tuesday. 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 company has a market capitalization of $31.20 billion, a PE ratio of 16.37, a P/E/G ratio of 1.67 and a beta of 1.35. The stock's fifty day moving average is $63.54 and its 200-day moving average is $58.91. eBay Inc. has a one year low of $40.16 and a one year high of $67.80.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, November 29th. eBay's payout ratio is 27.14%.
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.
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