eBay Inc. (NASDAQ:EBAY) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 22.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,969 shares of the e-commerce company’s stock after buying an additional 1,984 shares during the quarter. Advisors Asset Management Inc.’s holdings in eBay were worth $714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its holdings in shares of 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 grew its holdings in eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. grew its holdings in eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after purchasing an additional 838,969 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after buying an additional 530,941 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after buying an additional 1,216,885 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Barclays reduced their target price on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Mizuho raised their price target on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Jefferies Financial Group upped their price objective on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial boosted their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $62.87.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $65.09 on Wednesday. The company has a market cap of $31.18 billion, a P/E ratio of 16.35, a PEG ratio of 1.66 and a beta of 1.34. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. The business’s 50-day simple moving average is $63.57 and its 200 day simple moving average is $58.18. 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. eBay’s payout ratio is currently 27.14%.

Insider Activity

In other news, 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 transaction of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The shares were 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 $4,336,213.77. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is currently owned by company 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.