Zurcher Kantonalbank Zurich Cantonalbank Sells 9,390 Shares of eBay Inc. (NASDAQ:EBAY)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 630,172 shares of the e-commerce company’s stock after selling 9,390 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in eBay were worth $41,030,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EBAY. Price T Rowe Associates Inc. MD raised its stake in shares of eBay by 3.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock valued at $37,887,000 after acquiring an additional 20,712 shares during the last quarter. Comerica Bank raised its stake in shares of eBay by 10.4% during the first quarter. Comerica Bank now owns 126,717 shares of the e-commerce company’s stock valued at $6,688,000 after acquiring an additional 11,921 shares during the last quarter. LRI Investments LLC bought a new position in eBay during the first quarter worth $29,000. PGGM Investments bought a new position in eBay during the first quarter worth $1,716,000. Finally, Cetera Investment Advisers raised its stake in eBay by 325.4% during the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after buying an additional 60,544 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EBAY shares. Bank of America lowered their target price on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Morgan Stanley lifted their target price on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Citigroup lifted their target price on shares of eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.87.

Insider Activity

In related news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % 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 valued at $3,015,417 over the last quarter. Company insiders own 0.38% of the company’s stock.

eBay Stock Performance

NASDAQ EBAY opened at $64.31 on Friday. The company’s 50 day moving average is $63.61 and its 200-day moving average is $58.26. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $30.80 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34.

eBay Dividend Announcement

The firm 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 $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is currently 27.14%.

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.