M&G Plc Lowers Holdings in eBay Inc. (NASDAQ:EBAY)

M&G PLC decreased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,684,275 shares of the e-commerce company's stock after selling 80,056 shares during the period. M&G PLC owned approximately 0.34% of eBay worth $109,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Maia Wealth LLC purchased a new stake in eBay in the 3rd quarter worth approximately $221,000. HF Advisory Group LLC lifted its stake in shares of eBay by 9.1% in the 3rd quarter. HF Advisory Group LLC now owns 11,981 shares of the e-commerce company's stock valued at $780,000 after purchasing an additional 1,004 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in eBay by 1.7% during the third quarter. Catalyst Capital Advisors LLC now owns 29,859 shares of the e-commerce company's stock worth $1,944,000 after buying an additional 506 shares in the last quarter. Impax Asset Management Group plc acquired a new stake in eBay during the third quarter valued at $6,894,000. Finally, PDS Planning Inc acquired a new stake in eBay during the third quarter valued at $226,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,974 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Stephen J. Priest sold 25,000 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 70,332 shares of the company's stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following 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 disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock worth $3,015,417 in the last 90 days. Insiders own 0.38% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EBAY. Benchmark reissued a "buy" rating and set a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Susquehanna increased their price target on eBay from $52.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Cantor Fitzgerald restated a "neutral" rating and issued a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. Piper Sandler lifted their price target on shares of eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Finally, Bank of America cut their price target on shares of eBay from $67.00 to $64.00 and set a "neutral" rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and an average target price of $62.87.

eBay Trading Up 1.5 %

Shares of EBAY stock traded up $0.94 on Thursday, hitting $62.02. 4,442,848 shares of the stock traded hands, compared to its average volume of 5,457,646. 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 $37.17 and a twelve month high of $67.80. The firm's 50-day moving average price is $63.12 and its two-hundred day moving average price is $57.00. The stock has a market capitalization of $29.71 billion, a PE ratio of 15.62, a PEG ratio of 1.99 and a beta of 1.34.

eBay Dividend Announcement

The company also recently declared 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 is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.74%. eBay's dividend payout ratio (DPR) 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.