eBay Inc. (NASDAQ:EBAY) is Lindsell Train Ltd's 8th Largest Position

Lindsell Train Ltd lessened its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 6.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,108,022 shares of the e-commerce company's stock after selling 268,000 shares during the period. eBay comprises about 6.0% of Lindsell Train Ltd's holdings, making the stock its 8th biggest position. Lindsell Train Ltd owned about 0.82% of eBay worth $267,473,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in eBay by 7.7% during the first 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 in the last quarter. Ameriprise Financial Inc. raised its position in shares of 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 buying an additional 3,880,649 shares in the last quarter. M&G Plc purchased a new stake in shares of eBay in the first quarter worth $97,557,000. Swedbank AB bought a new stake in eBay during the first quarter valued at $73,777,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of eBay during the second quarter worth about $71,593,000. 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 owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the company's stock in a transaction on 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 sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,391 shares of company stock valued at $2,678,424. Company insiders own 0.38% of the company's stock.

eBay Trading Down 0.6 %

Shares of NASDAQ:EBAY traded down $0.41 during midday trading on Friday, hitting $64.95. 5,186,483 shares of the stock traded hands, compared to its average volume of 5,470,245. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $32.60 billion, a PE ratio of 12.91, a P/E/G ratio of 2.59 and a beta of 1.32. eBay Inc. has a one year low of $37.17 and a one year high of $67.80. The business's 50 day moving average is $61.76 and its two-hundred day moving average is $55.91.

eBay (NASDAQ:EBAY - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting analysts' consensus estimates of $0.88. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. As a group, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Friday, August 30th. eBay's payout ratio is currently 21.51%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EBAY. Evercore ISI raised their target price on shares of eBay from $47.00 to $53.00 and gave the company an "in-line" rating in a research note on Thursday, August 1st. Truist Financial lifted their price objective on shares of eBay from $50.00 to $58.00 and gave the stock a "hold" rating in a report on Tuesday, August 6th. Piper Sandler reissued an "overweight" rating and issued a $64.00 target price (up previously from $58.00) on shares of eBay in a research note on Thursday, August 1st. Wells Fargo & Company lifted their price target on eBay from $55.00 to $63.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. began coverage on eBay in a report on Tuesday, June 25th. They issued a "neutral" rating and a $60.00 price objective for the company. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $59.10.

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.