BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 97,170 Shares of eBay Inc. (NASDAQ:EBAY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 27.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 450,119 shares of the e-commerce company's stock after purchasing an additional 97,170 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.09% of eBay worth $29,307,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock worth $3,418,000 after purchasing an additional 153 shares during the last quarter. Optas LLC grew its holdings in shares of eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock worth $2,219,000 after purchasing an additional 171 shares during the last quarter. Davis Investment Partners LLC grew its holdings in shares of eBay by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company's stock worth $1,531,000 after purchasing an additional 180 shares during the last quarter. Arvest Investments Inc. grew its holdings in shares of eBay by 1.2% in the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company's stock worth $990,000 after purchasing an additional 183 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of eBay by 6.8% in the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company's stock worth $167,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock valued at $3,015,417 over the last quarter. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $62.00 price objective on shares of eBay in a report on Monday, October 7th. Citigroup raised their target price on shares of eBay from $65.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Truist Financial raised 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. Piper Sandler raised their target price on shares of eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group raised their target price on shares of eBay from $46.00 to $55.00 and gave the company a "sell" rating in a research note on Tuesday, October 15th. One 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.com, the stock presently has an average rating of "Hold" and a consensus price target of $62.87.

eBay Stock Performance

Shares of EBAY traded up $1.83 during midday trading on Friday, reaching $63.24. 3,104,477 shares of the stock were exchanged, compared to its average volume of 4,834,939. eBay Inc. has a twelve month low of $40.16 and a twelve 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 company has a market cap of $30.29 billion, a P/E ratio of 15.89, a PEG ratio of 1.60 and a beta of 1.34. The stock's 50 day simple moving average is $63.55 and its 200 day simple moving average is $57.86.

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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay's dividend payout ratio (DPR) is presently 27.14%.

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.