Swiss National Bank Has $97.01 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Swiss National Bank cut its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,490,000 shares of the e-commerce company's stock after selling 43,700 shares during the period. Swiss National Bank owned about 0.31% of eBay worth $97,014,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kingsview Wealth Management LLC acquired a new position in shares of eBay in the 1st quarter worth approximately $224,000. Blair William & Co. IL increased its position in shares of eBay by 22.9% during the 1st quarter. Blair William & Co. IL now owns 29,316 shares of the e-commerce company's stock worth $1,547,000 after purchasing an additional 5,456 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in eBay by 350.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 24,806 shares of the e-commerce company's stock valued at $1,309,000 after purchasing an additional 19,297 shares during the last quarter. Bessemer Group Inc. lifted its holdings in eBay by 14.2% during the 1st quarter. Bessemer Group Inc. now owns 46,570 shares of the e-commerce company's stock valued at $2,457,000 after purchasing an additional 5,774 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in eBay by 87.1% in the first quarter. Lake Street Advisors Group LLC now owns 11,096 shares of the e-commerce company's stock valued at $586,000 after buying an additional 5,164 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Down 0.5 %

Shares of NASDAQ EBAY traded down $0.33 during mid-day trading on Tuesday, reaching $61.08. 1,878,462 shares of the company's stock were exchanged, compared to its average volume of 5,394,238. eBay Inc. has a twelve month low of $38.97 and a twelve month high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $29.26 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.60 and a beta of 1.34. The business has a fifty day simple moving average of $63.57 and a 200 day simple moving average of $57.64.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 1.77%. The ex-dividend date is Friday, November 29th. eBay's payout ratio is currently 27.14%.

Insider Activity

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on EBAY. Bank of America cut 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. Daiwa America raised eBay to a "hold" rating in a research note on Wednesday, August 14th. Sanford C. Bernstein upgraded eBay from a "market perform" rating to an "outperform" rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. Susquehanna lifted their price target on eBay from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Finally, Evercore ISI increased their price objective on shares of eBay from $47.00 to $53.00 and gave the stock an "in-line" rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $62.87.

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.