Van ECK Associates Corp Has $174,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Van ECK Associates Corp reduced its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 94.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,736 shares of the e-commerce company's stock after selling 44,483 shares during the period. Van ECK Associates Corp's holdings in eBay were worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock valued at $3,418,000 after purchasing an additional 153 shares during the period. Optas LLC boosted its stake in eBay by 0.5% during the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock worth $2,219,000 after buying an additional 171 shares during the period. Davis Investment Partners LLC boosted its stake in eBay by 0.8% during the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company's stock worth $1,531,000 after buying an additional 180 shares during the period. Quent Capital LLC boosted its stake in eBay by 6.8% during the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company's stock worth $167,000 after buying an additional 202 shares during the period. Finally, Checchi Capital Advisers LLC boosted its stake in eBay by 3.0% during the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company's stock worth $405,000 after buying an additional 219 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EBAY has been the subject of several research analyst reports. Benchmark reaffirmed a "buy" rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Robert W. Baird reduced their price target on shares of eBay from $70.00 to $68.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Piper Sandler increased their price target on shares of eBay from $64.00 to $67.00 and gave the stock an "overweight" rating in a research report on Thursday, October 31st. UBS Group reduced their price target 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. Finally, Bank of America reduced their price target on shares of eBay from $67.00 to $64.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. One investment 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. According to MarketBeat, eBay has an average rating of "Hold" and an average price target of $62.87.

Insider Activity at eBay

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

eBay Price Performance

Shares of EBAY stock traded up $0.41 during trading hours on Thursday, reaching $62.30. The company had a trading volume of 4,195,418 shares, compared to its average volume of 5,423,218. The company has a market capitalization of $29.84 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 2.02 and a beta of 1.34. eBay Inc. has a 12-month low of $38.97 and a 12-month high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a fifty day moving average of $63.42 and a 200-day moving average of $57.37.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, November 29th. eBay's dividend payout ratio (DPR) is presently 27.14%.

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.