eBay Inc. (NASDAQ:EBAY) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 2.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 202,911 shares of the e-commerce company’s stock after selling 4,185 shares during the quarter. Asset Management One Co. Ltd.’s holdings in eBay were worth $13,212,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. National Pension Service grew its stake in eBay by 11.9% during the third quarter. National Pension Service now owns 973,015 shares of the e-commerce company’s stock worth $63,353,000 after buying an additional 103,733 shares during the period. Forum Financial Management LP acquired a new position in shares of eBay during the 3rd quarter valued at $213,000. Janney Montgomery Scott LLC increased its holdings in eBay by 599.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after purchasing an additional 461,708 shares in the last quarter. Optas LLC raised its position in eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after purchasing an additional 171 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of eBay by 14.4% during the third quarter. Farther Finance Advisors LLC now owns 7,433 shares of the e-commerce company’s stock worth $484,000 after purchasing an additional 938 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several recent research reports. Bank of America reduced their price target on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Evercore ISI boosted their price target on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Thursday, August 1st. Wolfe Research initiated coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Benchmark reaffirmed a “buy” rating and issued a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $72.00 price target on shares of eBay in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $62.87.

eBay Price Performance

Shares of EBAY opened at $61.08 on Thursday. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a fifty day moving average price of $63.12 and a 200 day moving average price of $57.00. The company has a market cap of $29.26 billion, a P/E ratio of 15.35, a PEG ratio of 1.90 and a beta of 1.34.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.77%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,016 shares of company stock worth $3,015,417 in the last ninety days. 0.38% of the stock is owned by insiders.

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.