eBay Inc. (NASDAQ:EBAY) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,198,319 shares of the e-commerce company's stock after selling 14,529 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of eBay worth $78,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in eBay in the 3rd quarter worth $865,000. Keystone Financial Services raised its stake in shares of eBay by 2.2% in the third quarter. Keystone Financial Services now owns 15,247 shares of the e-commerce company's stock worth $993,000 after buying an additional 332 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of eBay in the third quarter worth about $164,000. Arvest Investments Inc. lifted its position in shares of eBay by 1.2% during the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company's stock valued at $990,000 after buying an additional 183 shares in the last quarter. Finally, River Global Investors LLP increased its holdings in eBay by 4.4% in the 3rd quarter. River Global Investors LLP now owns 35,071 shares of the e-commerce company's stock worth $2,284,000 after acquiring an additional 1,468 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Trading Down 1.4 %

Shares of eBay stock traded down $0.87 during trading on Friday, hitting $61.43. The stock had a trading volume of 5,167,609 shares, compared to its average volume of 5,422,070. The stock has a market cap of $29.42 billion, a PE ratio of 15.55, a PEG ratio of 2.03 and a beta of 1.34. eBay Inc. has a 12 month low of $38.97 and a 12 month high of $67.80. The firm's fifty day simple moving average is $63.49 and its 200-day simple moving average is $57.40. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, November 29th. eBay's dividend payout ratio is currently 27.14%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on EBAY shares. Daiwa America raised shares of eBay to a "hold" rating in a report on Wednesday, August 14th. UBS Group cut their price target on eBay from $72.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Piper Sandler boosted their price objective on eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Bank of America cut their target price on eBay from $67.00 to $64.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Finally, Truist Financial upped their price target on eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $62.87.

Insider Activity at eBay

In related news, SVP Cornelius Boone sold 3,974 shares of the business's 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 completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares of the company's stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock worth $3,015,417 in the last quarter. 0.38% of the stock is owned by company insiders.

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.