eBay Inc. (NASDAQ:EBAY) Shares Purchased by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lifted its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 335.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,470 shares of the e-commerce company's stock after purchasing an additional 15,000 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in eBay were worth $1,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Patton Albertson Miller Group LLC acquired a new stake in shares of eBay during the 3rd quarter worth approximately $213,000. Truvestments Capital LLC acquired a new stake in eBay during the third quarter worth $286,000. Brown Brothers Harriman & Co. raised its position in eBay by 3.1% in the third quarter. Brown Brothers Harriman & Co. now owns 7,034 shares of the e-commerce company's stock valued at $458,000 after purchasing an additional 212 shares during the period. Independent Advisor Alliance lifted its stake in shares of eBay by 290.2% in the 3rd quarter. Independent Advisor Alliance now owns 29,791 shares of the e-commerce company's stock valued at $1,940,000 after purchasing an additional 22,156 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of eBay by 1,239.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 5,212 shares of the e-commerce company's stock worth $339,000 after purchasing an additional 4,823 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Down 1.2 %

eBay stock opened at $64.31 on Thursday. The company has a market capitalization of $30.80 billion, a P/E ratio of 16.16, a PEG ratio of 1.70 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. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The stock has a 50-day simple moving average of $63.59 and a 200-day simple moving average of $58.22.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. eBay's dividend payout ratio (DPR) is presently 27.14%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group decreased their target price on shares of eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Bank of America decreased their price objective on shares of eBay from $67.00 to $64.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Piper Sandler lifted their target price on shares of eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Jefferies Financial Group upped their price target on eBay from $58.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised their price target on eBay from $46.00 to $55.00 and gave the stock a "sell" rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, eBay has an average rating of "Hold" and a consensus price target of $62.87.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. The trade was 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 valued at $3,015,417 in the last ninety days. 0.38% of the stock is currently owned by company insiders.

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.

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