Thrivent Financial for Lutherans Sells 137,071 Shares of eBay Inc. (NASDAQ:EBAY)

Thrivent Financial for Lutherans reduced its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,898,719 shares of the e-commerce company's stock after selling 137,071 shares during the quarter. Thrivent Financial for Lutherans owned 0.40% of eBay worth $123,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company's stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the last quarter. 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 buying an additional 3,880,649 shares during the last quarter. Swedbank AB acquired a new stake in eBay during the first quarter worth about $73,777,000. Altshuler Shaham Ltd bought a new stake in eBay in the second quarter valued at $71,593,000. Finally, LSV Asset Management lifted its position in eBay by 22.2% in the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company's stock valued at $360,211,000 after purchasing an additional 1,216,885 shares during the last quarter. Institutional investors own 87.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of eBay from $46.00 to $55.00 and gave the stock a "sell" rating in a research note on Tuesday, October 15th. Truist Financial increased their price target on shares of eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Robert W. Baird dropped their price target on shares of eBay from $70.00 to $68.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Evercore ISI increased their price target on shares of eBay from $47.00 to $53.00 and gave the stock an "in-line" rating in a research note on Thursday, August 1st. Finally, Citigroup raised their target price on eBay from $65.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $62.87.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 1,167 shares of the firm's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares of the company's stock, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares of the company's stock, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,016 shares of company stock worth $3,015,417. Corporate insiders own 0.38% of the company's stock.

eBay Trading Down 1.4 %

NASDAQ:EBAY traded down $0.87 on Friday, reaching $61.43. The company's stock had a trading volume of 5,167,624 shares, compared to its average volume of 4,936,493. The firm has a market cap of $29.42 billion, a PE ratio of 15.43, a PEG ratio of 1.60 and a beta of 1.34. 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 business's 50-day moving average price is $63.53 and its two-hundred day moving average price is $57.55. eBay Inc. has a 1-year low of $38.97 and a 1-year high of $67.80.

eBay Dividend Announcement

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

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.