Impax Asset Management Group plc Invests $6.89 Million in eBay Inc. (NASDAQ:EBAY)

Impax Asset Management Group plc purchased a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 105,876 shares of the e-commerce company's stock, valued at approximately $6,894,000.

Several other institutional investors have also modified their holdings of EBAY. Vanguard Group Inc. grew its position in 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 buying an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. grew its position in eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock valued at $1,394,797,000 after buying an additional 3,880,649 shares in the last quarter. M&G Plc bought a new position in eBay in the 1st quarter valued at about $97,557,000. Swedbank AB bought a new position in eBay in the 1st quarter valued at about $73,777,000. Finally, Altshuler Shaham Ltd bought a new position in eBay in the 2nd quarter valued at about $71,593,000. Institutional investors own 87.48% of the company's stock.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares in the company, valued at approximately $36,963,542.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of recent analyst reports. Robert W. Baird decreased their target price on shares of eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Evercore ISI raised their price objective on shares of eBay from $47.00 to $53.00 and gave the company an "in-line" rating in a research report on Thursday, August 1st. Stifel Nicolaus raised their price objective on shares of eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Jefferies Financial Group raised their price objective on shares of eBay from $58.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Finally, Benchmark restated a "buy" rating and set a $65.00 price objective on shares of eBay in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $62.87.

eBay Trading Down 0.7 %

EBAY stock traded down $0.43 during midday trading on Wednesday, reaching $61.08. The stock had a trading volume of 5,476,626 shares, compared to its average volume of 5,462,202. The firm has a market cap of $29.26 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 1.90 and a beta of 1.34. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $67.80. The business has a fifty day simple moving average of $63.05 and a two-hundred day simple moving average of $56.97. 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 Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.77%. eBay's payout ratio is currently 27.14%.

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.