eBay Inc. (NASDAQ:EBAY) Shares Bought by KBC Group NV

KBC Group NV lifted its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 8.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 354,361 shares of the e-commerce company's stock after buying an additional 26,948 shares during the period. KBC Group NV owned about 0.07% of eBay worth $23,073,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EBAY. Vanguard Group Inc. boosted its holdings in shares of eBay by 7.7% during 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. Ameriprise Financial Inc. boosted its holdings in eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the last quarter. Mirova US LLC boosted its holdings in eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company's stock worth $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. raised its stake in eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company's stock valued at $404,879,000 after buying an additional 838,969 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of eBay by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company's stock valued at $361,159,000 after buying an additional 530,941 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 of the company's stock, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock valued at $3,015,417 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. Benchmark restated a "buy" rating and set a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Barclays decreased their price target on shares of eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company cut their price objective on shares of eBay from $63.00 to $62.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. Finally, Truist Financial lifted their target price on eBay from $58.00 to $62.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, eBay presently has an average rating of "Hold" and a consensus target price of $62.87.

eBay Stock Performance

EBAY stock traded down $0.87 during midday trading on Friday, reaching $61.43. The stock had a trading volume of 5,167,624 shares, compared to its average volume of 5,422,070. The firm has a fifty day simple moving average of $63.53 and a two-hundred day simple moving average of $57.47. 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 has a market cap of $29.42 billion, a PE ratio of 15.43, a P/E/G ratio of 2.03 and a beta of 1.34. eBay Inc. has a 52-week low of $38.97 and a 52-week high of $67.80.

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 paid a $0.27 dividend. 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 payout ratio is 27.14%.

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.