Mizuho Markets Americas LLC Invests $880,000 in eBay Inc. (NASDAQ:EBAY)

Mizuho Markets Americas LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,508 shares of the e-commerce company's stock, valued at approximately $880,000.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of 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 valued at $3,418,000 after buying an additional 153 shares in the last quarter. Optas LLC lifted its position 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 worth $2,219,000 after acquiring an additional 171 shares in the last quarter. Davis Investment Partners LLC boosted its holdings in shares of 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. grew its position in shares of eBay by 1.2% in the third 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 in the last quarter. Finally, Quent Capital LLC raised its stake in shares of eBay by 6.8% during 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 period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EBAY has been the subject of a number of recent analyst reports. Citigroup lifted their target price on eBay from $65.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Truist Financial boosted their target price on eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Sanford C. Bernstein upgraded eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a research report on Tuesday, November 5th. Daiwa America upgraded shares of eBay to a "hold" rating in a research report on Wednesday, August 14th. Finally, Robert W. Baird cut their price target on shares of eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.87.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the transaction, the chief executive officer now owns 559,291 shares in the company, valued at approximately $36,963,542.19. The trade was a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is currently owned by corporate insiders.

eBay Trading Down 1.4 %

eBay stock traded down $0.87 during mid-day trading on Friday, reaching $61.43. 5,167,624 shares of the company traded hands, compared to its average volume of 4,936,493. The firm's 50 day moving average price is $63.53 and its 200 day moving average price is $57.51. eBay Inc. has a 52-week low of $38.97 and a 52-week high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $29.42 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.60 and a beta of 1.34.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.76%. eBay's dividend payout ratio (DPR) is presently 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.