Los Angeles Capital Management LLC Has $6.79 Million Stake in eBay Inc. (NASDAQ:EBAY)

Los Angeles Capital Management LLC lessened its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 74.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,254 shares of the e-commerce company's stock after selling 296,713 shares during the period. Los Angeles Capital Management LLC's holdings in eBay were worth $6,788,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company's stock valued at $3,418,000 after buying an additional 153 shares during the period. Optas LLC grew its holdings in shares of eBay by 0.5% during the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company's stock valued at $2,219,000 after buying an additional 171 shares during the last quarter. Davis Investment Partners LLC raised its position in eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company's stock worth $1,531,000 after acquiring an additional 180 shares during the period. Arvest Investments Inc. raised its position in shares of eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company's stock valued at $990,000 after purchasing 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 worth $167,000 after buying an additional 202 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of EBAY stock traded down $1.01 during mid-day trading on Tuesday, hitting $61.42. 2,093,140 shares of the stock traded hands, compared to its average volume of 5,425,435. The firm has a market cap of $29.42 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. The company's 50-day simple moving average is $63.31 and its 200-day simple moving average is $57.27. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a twelve month low of $38.60 and a twelve month high of $67.80.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 yield of 1.76%. eBay's dividend payout ratio (DPR) is 27.14%.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay 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 sale, the chief financial officer now owns 65,079 shares of the company's stock, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares of the company's stock, valued at $4,530,000.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,016 shares of company stock valued at $3,015,417 over the last 90 days. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on EBAY shares. Morgan Stanley upped their price objective on shares of eBay from $65.00 to $71.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Citigroup boosted their price target on shares of eBay from $65.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Wolfe Research initiated coverage on shares of eBay in a research report on Tuesday, July 16th. They issued a "peer perform" rating for the company. Evercore ISI upped their price target on shares of eBay from $47.00 to $53.00 and gave the stock an "in-line" rating in a research note on Thursday, August 1st. Finally, Sanford C. Bernstein upgraded shares of eBay from a "market perform" rating to an "outperform" rating and set a $70.00 target price on the stock in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $62.87.

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.