Smead Capital Management Inc. Acquires 125,708 Shares of eBay Inc. (NASDAQ:EBAY)

Smead Capital Management Inc. boosted its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,725,760 shares of the e-commerce company's stock after buying an additional 125,708 shares during the period. eBay makes up 3.5% of Smead Capital Management Inc.'s holdings, making the stock its 13th biggest holding. Smead Capital Management Inc. owned about 0.78% of eBay worth $242,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EBAY. Kingsview Wealth Management LLC acquired a new position in shares of eBay during the first quarter valued at about $224,000. Blair William & Co. IL raised its holdings in shares of eBay by 22.9% during the first quarter. Blair William & Co. IL now owns 29,316 shares of the e-commerce company's stock valued at $1,547,000 after purchasing an additional 5,456 shares during the period. UniSuper Management Pty Ltd raised its holdings in shares of eBay by 350.3% during the first quarter. UniSuper Management Pty Ltd now owns 24,806 shares of the e-commerce company's stock valued at $1,309,000 after purchasing an additional 19,297 shares during the period. Bessemer Group Inc. raised its holdings in shares of eBay by 14.2% during the first quarter. Bessemer Group Inc. now owns 46,570 shares of the e-commerce company's stock valued at $2,457,000 after purchasing an additional 5,774 shares during the period. Finally, Lake Street Advisors Group LLC raised its holdings in shares of eBay by 87.1% during the first quarter. Lake Street Advisors Group LLC now owns 11,096 shares of the e-commerce company's stock valued at $586,000 after purchasing an additional 5,164 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Stock Performance

Shares of EBAY stock traded down $0.31 during trading on Tuesday, reaching $61.10. 3,654,648 shares of the company's stock traded hands, compared to its average volume of 5,402,167. eBay Inc. has a 1 year low of $38.97 and a 1 year 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 company has a market capitalization of $29.27 billion, a P/E ratio of 15.35, a PEG ratio of 1.60 and a beta of 1.34. The firm's 50-day moving average is $63.59 and its 200 day moving average is $57.72.

eBay Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 25,000 shares of the firm'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 sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EBAY shares. Susquehanna upped their price objective on shares of eBay from $52.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Cantor Fitzgerald reissued a "neutral" rating and set a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Robert W. Baird decreased their target price on shares of eBay from $70.00 to $68.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Jefferies Financial Group boosted their target price on shares of eBay from $58.00 to $65.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley boosted their target price on shares of eBay from $65.00 to $71.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, eBay has an average rating of "Hold" and an average 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.