3,150 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Insight 2811 Inc.

Insight 2811 Inc. acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,150 shares of the e-commerce company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. grew its position in eBay by 37.8% during the 1st quarter. Sei Investments Co. now owns 277,754 shares of the e-commerce company’s stock worth $14,660,000 after purchasing an additional 76,201 shares during the period. Kingsview Wealth Management LLC acquired a new stake in eBay during the first quarter worth about $224,000. Blair William & Co. IL raised its position in eBay by 22.9% during the first quarter. Blair William & Co. IL now owns 29,316 shares of the e-commerce company’s stock valued at $1,547,000 after acquiring an additional 5,456 shares in the last quarter. Tocqueville Asset Management L.P. lifted its holdings in eBay by 6.9% in the first quarter. Tocqueville Asset Management L.P. now owns 78,862 shares of the e-commerce company’s stock valued at $4,162,000 after acquiring an additional 5,067 shares during the period. Finally, Banco Santander S.A. boosted its position in eBay by 2.1% in the 1st quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock worth $609,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Down 0.6 %

NASDAQ EBAY traded down $0.36 on Friday, reaching $61.94. 287,058 shares of the company were exchanged, compared to its average volume of 5,400,085. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The business’s fifty day moving average price is $63.49 and its 200 day moving average price is $57.40. The stock has a market capitalization of $29.67 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. eBay Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $67.80.

eBay Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.74%. eBay’s payout ratio is 27.14%.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the sale, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EBAY shares. JPMorgan Chase & Co. cut their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. Robert W. Baird lowered their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company cut their price target on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Piper Sandler increased their price target on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and a consensus target price of $62.87.

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.