Primecap Management Co. CA trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,256,290 shares of the e-commerce company's stock after selling 36,720 shares during the quarter. Primecap Management Co. CA owned 0.47% of eBay worth $146,907,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. grew its position in shares of eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company's stock valued at $1,394,797,000 after acquiring an additional 3,880,649 shares during the period. Swedbank AB bought a new position in eBay during the first quarter valued at $73,777,000. Altshuler Shaham Ltd purchased a new stake in eBay in the second quarter worth $71,593,000. LSV Asset Management raised its stake in shares of eBay by 22.2% in the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company's stock valued at $360,211,000 after buying an additional 1,216,885 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of eBay during the 2nd quarter valued at $49,924,000. 87.48% of the stock is currently owned by institutional investors.
eBay Trading Up 3.0 %
EBAY traded up $1.83 on Friday, hitting $63.24. 3,048,107 shares of the company were exchanged, compared to its average volume of 5,377,524. 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 firm has a fifty day simple moving average of $63.56 and a two-hundred day simple moving average of $57.77. The stock has a market capitalization of $30.29 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.59 and a beta of 1.34. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80.
eBay Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. eBay's payout ratio is 27.14%.
Insider Activity
In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business's stock in a transaction on 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 transaction, 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 26.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 559,291 shares of the company's stock, valued at approximately $36,963,542.19. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,016 shares of company stock valued at $3,015,417. Insiders own 0.38% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on EBAY. Robert W. Baird decreased their price objective on eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Cantor Fitzgerald restated a "neutral" rating and set a $62.00 price target on shares of eBay in a research note on Monday, October 7th. StockNews.com lowered shares of eBay from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. UBS Group dropped their target price on eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup lifted their price target on eBay from $65.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $62.87.
Check Out Our Latest Report on eBay
eBay Company Profile
(
Free Report)
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.
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