Connor Clark & Lunn Investment Management Ltd. grew its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 125.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,630 shares of the e-commerce company's stock after buying an additional 58,165 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in eBay were worth $6,812,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its position in shares of eBay by 17.6% during the second 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 during the last quarter. Swedbank AB acquired a new position in eBay during the first quarter worth about $73,777,000. Altshuler Shaham Ltd purchased a new stake in eBay in the 2nd quarter valued at approximately $71,593,000. LSV Asset Management boosted its stake in shares of eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company's stock valued at $360,211,000 after acquiring an additional 1,216,885 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of eBay in the second quarter valued at approximately $49,924,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.
eBay Price Performance
NASDAQ EBAY traded up $1.83 on Friday, reaching $63.24. 3,104,477 shares of the company's stock traded hands, compared to its average volume of 4,834,939. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a 50-day simple moving average of $63.55 and a 200 day simple moving average of $57.86. The stock has a market cap of $30.29 billion, a PE ratio of 15.89, a P/E/G ratio of 1.60 and a beta of 1.34.
eBay Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.71%. eBay's dividend payout ratio (DPR) is presently 27.14%.
Insider Buying and Selling
In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company'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 value of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock worth $3,015,417 in the last three months. 0.38% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
EBAY has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price objective for the company in a report on Tuesday, November 5th. Mizuho raised their price target on shares of eBay from $55.00 to $60.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 target price on shares of eBay in a research report on Thursday, October 31st. Truist Financial raised their target price on shares of eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Finally, Bank of America reduced 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. One 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.87.
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About eBay
(
Free Report)
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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