Penserra Capital Management LLC Has $4.90 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Penserra Capital Management LLC decreased its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 16.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,273 shares of the e-commerce company's stock after selling 15,197 shares during the quarter. Penserra Capital Management LLC's holdings in eBay were worth $4,899,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EBAY. Ameriprise Financial Inc. boosted its stake in eBay by 17.6% during 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. Mirova US LLC boosted its stake in eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company's stock worth $492,657,000 after buying an additional 189,505 shares in the last quarter. Victory Capital Management Inc. boosted its stake in eBay by 12.5% during the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company's stock worth $404,879,000 after buying an additional 838,969 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company's stock worth $361,159,000 after buying an additional 530,941 shares in the last quarter. Finally, LSV Asset Management boosted its stake in eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company's stock worth $360,211,000 after buying an additional 1,216,885 shares in the last quarter. Institutional investors own 87.48% of the company's stock.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,974 shares of eBay 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 of the company's stock, valued at $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value 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 represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,016 shares of company stock worth $3,015,417. Insiders own 0.38% of the company's stock.

eBay Price Performance

eBay stock traded up $1.75 during midday trading on Monday, reaching $64.99. The company's stock had a trading volume of 7,571,572 shares, compared to its average volume of 5,387,149. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $63.57 and a 200-day moving average price of $58.08. The stock has a market cap of $31.13 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34.

eBay Announces Dividend

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 issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, November 29th. eBay's dividend payout ratio (DPR) is currently 27.14%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Benchmark reaffirmed a "buy" rating and issued a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. JPMorgan Chase & Co. cut their price target on eBay from $60.00 to $58.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Robert W. Baird cut their price target on eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Finally, Piper Sandler lifted their price target on eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $62.87.

eBay Company 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.