Vinva Investment Management Ltd Has $1.59 Million Position in eBay Inc. (NASDAQ:EBAY)

Vinva Investment Management Ltd lowered its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 66.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,805 shares of the e-commerce company's stock after selling 48,669 shares during the period. Vinva Investment Management Ltd's holdings in eBay were worth $1,588,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Private Advisor Group LLC increased its stake in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company's stock worth $2,963,000 after acquiring an additional 21,636 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company's stock worth $4,178,000 after acquiring an additional 60,544 shares during the last quarter. PGGM Investments increased its stake in shares of eBay by 88.0% in the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company's stock worth $3,283,000 after acquiring an additional 28,604 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company's stock worth $4,598,000 after acquiring an additional 62,719 shares during the last quarter. Finally, Trustmark National Bank Trust Department acquired a new position in shares of eBay in the third quarter worth $1,307,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EBAY. Susquehanna upped their price target on shares of eBay from $52.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Benchmark reissued a "buy" rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of eBay from $70.00 to $63.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Robert W. Baird lowered their target price 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. Finally, Jefferies Financial Group increased their target price on shares of eBay from $58.00 to $65.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $62.87.

eBay Stock Performance

Shares of NASDAQ EBAY traded down $1.02 during mid-day trading on Friday, hitting $63.29. The company had a trading volume of 3,266,358 shares, compared to its average volume of 5,357,350. 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 business's 50-day simple moving average is $63.63 and its 200-day simple moving average is $58.34. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. The firm has a market cap of $30.32 billion, a P/E ratio of 15.90, a PEG ratio of 1.69 and a beta of 1.34.

eBay Dividend Announcement

The firm 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 dividend of $0.27 per share. 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 is 27.14%.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $66.56, for a total transaction of $374,400.00. Following the completion of the transaction, the chief executive officer now owns 553,666 shares in the company, valued at $36,852,008.96. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company's stock, valued at approximately $4,494,918.12. The trade was 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 over the last quarter. Company insiders own 0.38% of the company's stock.

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.