Impax Asset Management Group plc Takes Position in eBay Inc. (NASDAQ:EBAY)

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

Other large investors have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock worth $3,418,000 after purchasing an additional 153 shares during the last quarter. Optas LLC increased its position in eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock valued at $2,219,000 after acquiring an additional 171 shares during the period. Davis Investment Partners LLC raised its stake in eBay by 0.8% during the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company's stock valued at $1,531,000 after acquiring an additional 180 shares during the last quarter. Arvest Investments Inc. lifted its position in eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company's stock worth $990,000 after acquiring an additional 183 shares during the period. Finally, Quent Capital LLC grew its stake in shares of eBay by 6.8% in the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company's stock valued at $167,000 after purchasing an additional 202 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of analyst reports. UBS Group lowered their price objective on shares of eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Susquehanna lifted their price objective on eBay from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Daiwa America raised eBay to a "hold" rating in a research note on Wednesday, August 14th. Stifel Nicolaus lifted their price target on eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Finally, Benchmark reissued a "buy" rating and issued a $65.00 target price on shares of eBay in a report on Tuesday, October 29th. One equities research 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 data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $62.87.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of the company'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 sale, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last three months. 0.38% of the stock is owned by insiders.

eBay Stock Down 1.4 %

Shares of EBAY stock traded down $0.87 on Friday, hitting $61.43. The stock had a trading volume of 5,167,624 shares, compared to its average volume of 5,422,070. eBay Inc. has a 52-week low of $38.97 and a 52-week high of $67.80. The firm has a market capitalization of $29.42 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 2.03 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock's 50 day moving average is $63.53 and its 200-day moving average is $57.47.

eBay Dividend Announcement

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

eBay Company 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.