Marco Investment Management LLC Boosts Stock Position in eBay Inc. (NASDAQ:EBAY)

Marco Investment Management LLC boosted its position in eBay Inc. (NASDAQ:EBAY) by 2.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,335 shares of the e-commerce company’s stock after purchasing an additional 200 shares during the quarter. Marco Investment Management LLC’s holdings in eBay were worth $673,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. raised its stake in shares of eBay by 17.6% during 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 in the last quarter. 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 worth $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of eBay by 12.5% during the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after purchasing an additional 838,969 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of eBay by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after purchasing an additional 530,941 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of eBay by 22.2% in the 2nd 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 in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $63.24 on Friday. The company has a market capitalization of $30.29 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. 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’s fifty day moving average price is $63.55 and its 200 day moving average price is $57.92. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $67.80.

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 paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay’s payout ratio is currently 27.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EBAY shares. Mizuho boosted their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. 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. The Goldman Sachs Group increased their price objective on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Barclays dropped their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, UBS Group cut their price target on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.87.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s 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 transaction, the chief executive officer now owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last ninety days. Company insiders own 0.38% of the company’s stock.

eBay Company 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.