Blueshift Asset Management LLC Buys New Shares in eBay Inc. (NASDAQ:EBAY)

Blueshift Asset Management LLC purchased a new position in eBay Inc. (NASDAQ:EBAY - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,702 shares of the e-commerce company's stock, valued at approximately $1,543,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company's stock valued at $2,963,000 after buying an additional 21,636 shares during the period. Cetera Investment Advisers grew its stake in eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company's stock valued at $4,178,000 after acquiring an additional 60,544 shares during the period. PGGM Investments increased its holdings in shares of eBay by 88.0% during the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company's stock valued at $3,283,000 after acquiring an additional 28,604 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in shares of eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company's stock worth $4,598,000 after purchasing an additional 62,719 shares in the last quarter. Finally, Trustmark National Bank Trust Department acquired a new stake in eBay in the 3rd quarter valued at $1,307,000. 87.48% of the stock is owned by institutional investors.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $65.09 on Wednesday. The stock has a market cap of $31.18 billion, a PE ratio of 16.35, a PEG ratio of 1.70 and a beta of 1.34. The company's fifty day moving average is $63.57 and its 200 day moving average is $58.18. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.66%. eBay's payout ratio is 27.14%.

Analyst Ratings Changes

EBAY has been the topic of several research reports. Sanford C. Bernstein raised shares of eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a research note on Tuesday, November 5th. Citigroup raised their price target on shares of eBay from $65.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Bank of America decreased their price objective on eBay from $67.00 to $64.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. Jefferies Financial Group raised their target price on eBay from $58.00 to $65.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price target on eBay from $46.00 to $55.00 and gave the stock a "sell" rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $62.87.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $66.56, for a total transaction of $374,400.00. Following the completion of the transaction, the chief executive officer now owns 553,666 shares of the company's stock, valued at $36,852,008.96. This represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company's stock, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock valued at $3,015,417 in the last ninety days. Company insiders own 0.38% of the company's stock.

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.

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