National Pension Service Grows Stock Position in eBay Inc. (NASDAQ:EBAY)

National Pension Service increased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 11.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 973,015 shares of the e-commerce company's stock after purchasing an additional 103,733 shares during the quarter. National Pension Service owned 0.19% of eBay worth $63,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of eBay in the second quarter worth about $26,000. Tortoise Investment Management LLC lifted its position in eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock valued at $28,000 after purchasing an additional 465 shares during the last quarter. LRI Investments LLC bought a new stake in eBay in the first quarter valued at approximately $29,000. Hobbs Group Advisors LLC purchased a new stake in shares of eBay during the second quarter valued at approximately $29,000. Finally, Washington Trust Advisors Inc. bought a new position in shares of eBay in the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares of the company's stock, valued at approximately $36,963,542.19. This trade represents a 0.00 % decrease in their ownership of the stock. 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 in the last 90 days. Insiders own 0.38% of the company's stock.

eBay Trading Down 0.7 %

NASDAQ EBAY traded down $0.43 during trading on Wednesday, hitting $61.08. The stock had a trading volume of 5,511,971 shares, compared to its average volume of 5,462,276. eBay Inc. has a one year low of $37.17 and a one year high of $67.80. 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 capitalization of $29.26 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.90 and a beta of 1.34. The stock has a 50 day simple moving average of $63.12 and a 200 day simple moving average of $57.00.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, November 29th. eBay's payout ratio is 27.14%.

Analyst Ratings Changes

Several brokerages have weighed in on EBAY. Daiwa America raised shares of eBay to a "hold" rating in a research report on Wednesday, August 14th. Benchmark reissued a "buy" rating and issued a $65.00 target price on shares of eBay in a research note on Tuesday, October 29th. Bank of America lowered their price target on eBay from $67.00 to $64.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Cantor Fitzgerald reiterated a "neutral" rating and issued a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. Finally, Wolfe Research assumed coverage on eBay in a report on Tuesday, July 16th. They set a "peer perform" rating for the company. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, eBay has an average rating of "Hold" and an average 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.