GSA Capital Partners LLP Makes New $865,000 Investment in eBay Inc. (NASDAQ:EBAY)

GSA Capital Partners LLP acquired a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,291 shares of the e-commerce company's stock, valued at approximately $865,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Kingsview Wealth Management LLC bought a new stake in shares of eBay during the 1st quarter valued at approximately $224,000. Blair William & Co. IL grew its stake in shares of eBay by 22.9% during the first quarter. Blair William & Co. IL now owns 29,316 shares of the e-commerce company's stock worth $1,547,000 after buying an additional 5,456 shares during the last quarter. Banco Santander S.A. increased its holdings in shares of eBay by 2.1% during the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company's stock worth $609,000 after buying an additional 236 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company's stock valued at $3,321,403,000 after acquiring an additional 4,524,934 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of eBay by 63.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 444,120 shares of the e-commerce company's stock valued at $23,441,000 after acquiring an additional 172,182 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Stock Down 1.4 %

NASDAQ:EBAY traded down $0.87 during trading hours on Friday, reaching $61.43. The company had a trading volume of 5,167,624 shares, compared to its average volume of 4,936,493. eBay Inc. has a twelve month low of $38.97 and a twelve month high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $29.42 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.60 and a beta of 1.34. The business's 50-day simple moving average is $63.53 and its two-hundred day simple moving average is $57.51.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.76%. eBay's dividend payout ratio is presently 27.14%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EBAY. Mizuho upped their target price on eBay from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Evercore ISI upped their price objective on eBay from $47.00 to $53.00 and gave the company an "in-line" rating in a research note on Thursday, August 1st. Truist Financial raised their price objective on shares of eBay from $58.00 to $62.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Barclays reduced their target price on shares of eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of eBay from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. One 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 company. According to MarketBeat, eBay presently has a consensus rating of "Hold" and an average target price of $62.87.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares of the company's stock, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company's stock in a transaction on Monday, October 7th. The stock was sold at an average price of $66.56, for a total transaction of $374,400.00. Following the transaction, the chief executive officer now owns 553,666 shares in the company, valued at approximately $36,852,008.96. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 in the last three months. Corporate 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.