Empower Advisory Group LLC Has $374,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Empower Advisory Group LLC lessened its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 88.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,751 shares of the e-commerce company's stock after selling 42,081 shares during the period. Empower Advisory Group LLC's holdings in eBay were worth $374,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC grew its holdings in eBay by 90.7% during the 3rd 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 in the last quarter. Cetera Investment Advisers raised its position in shares of eBay by 325.4% during the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company's stock worth $4,178,000 after buying an additional 60,544 shares in the last quarter. PGGM Investments raised its holdings in shares of eBay by 88.0% in the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company's stock worth $3,283,000 after purchasing an additional 28,604 shares in the last quarter. Freestone Capital Holdings LLC raised its holdings in shares of eBay by 435.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company's stock worth $1,923,000 after purchasing an additional 29,624 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of eBay by 234.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company's stock worth $9,806,000 after purchasing an additional 127,991 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Stock Performance

eBay stock traded down $1.03 during mid-day trading on Friday, reaching $61.27. The company had a trading volume of 2,139,540 shares, compared to its average volume of 5,408,430. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 52 week low of $38.97 and a 52 week high of $67.80. The company has a 50 day moving average of $63.49 and a 200-day moving average of $57.40. The firm has a market cap of $29.35 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.03 and a beta of 1.34.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, November 29th. eBay's payout ratio is 27.14%.

Analysts Set New Price Targets

EBAY has been the topic of several analyst reports. Bank of America dropped their target price 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. Daiwa America raised shares of eBay to a "hold" rating in a research report on Wednesday, August 14th. Cantor Fitzgerald reissued a "neutral" rating and issued a $62.00 target price on shares of eBay in a research report on Monday, October 7th. StockNews.com downgraded shares of eBay from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Sanford C. Bernstein raised shares of eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price objective on the stock in a research report on Tuesday, November 5th. One 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $62.87.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the sale, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares of the company's stock, valued at $4,530,000.93. This trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 47,016 shares of company stock valued at $3,015,417. Company insiders own 0.38% of the company's stock.

eBay 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.