Empowered Funds LLC Purchases 38,782 Shares of eBay Inc. (NASDAQ:EBAY)

Empowered Funds LLC boosted its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 57.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,358 shares of the e-commerce company's stock after purchasing an additional 38,782 shares during the period. Empowered Funds LLC's holdings in eBay were worth $6,925,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of 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 during the period. Cetera Investment Advisers grew its stake in shares of eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company's stock valued at $4,178,000 after buying an additional 60,544 shares during the period. PGGM Investments grew its stake 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 valued at $3,283,000 after buying an additional 28,604 shares during the period. Freestone Capital Holdings LLC grew its stake 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 valued at $1,923,000 after buying an additional 29,624 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake 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 valued at $9,806,000 after buying an additional 127,991 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EBAY has been the subject of several research reports. Stifel Nicolaus raised their target price on eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Mizuho raised their price target on shares of eBay from $55.00 to $60.00 and gave the company a "neutral" rating in a research report on Tuesday, November 5th. Benchmark reissued a "buy" rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Evercore ISI lifted their target price on shares of eBay from $47.00 to $53.00 and gave the stock an "in-line" rating in a research report on Thursday, August 1st. Finally, Piper Sandler lifted their target price 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. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, eBay has a consensus rating of "Hold" and an average price target of $62.87.

eBay Price Performance

Shares of EBAY traded down $0.87 during mid-day trading on Friday, reaching $61.43. 5,167,624 shares of the stock traded hands, compared to its average volume of 4,936,493. The firm has a fifty day moving average price of $63.53 and a 200 day moving average price of $57.55. The company has a market cap of $29.42 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1 year low of $38.97 and a 1 year high of $67.80.

eBay Announces Dividend

The company also recently declared 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 of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.76%. eBay's dividend payout ratio (DPR) is currently 27.14%.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the sale, the chief executive officer now directly owns 559,291 shares of the company's stock, valued at $36,963,542.19. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 70,332 shares of the company's stock, valued at $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,016 shares of company stock valued at $3,015,417. 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.