45,267 Shares in eBay Inc. (NASDAQ:EBAY) Purchased by World Investment Advisors LLC

World Investment Advisors LLC bought a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 45,267 shares of the e-commerce company's stock, valued at approximately $2,947,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Private Advisor Group LLC increased its holdings in eBay by 90.7% during the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company's stock worth $2,963,000 after purchasing an additional 21,636 shares during the period. Prospera Financial Services Inc raised its holdings in shares of eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company's stock valued at $4,598,000 after acquiring an additional 62,719 shares in the last quarter. Trustmark National Bank Trust Department bought a new stake in shares of eBay in the third quarter valued at about $1,307,000. Assenagon Asset Management S.A. lifted its stake in eBay by 234.7% in the second quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company's stock worth $9,806,000 after acquiring an additional 127,991 shares during the period. Finally, Federated Hermes Inc. grew its holdings in eBay by 42.9% during the 2nd quarter. Federated Hermes Inc. now owns 547,517 shares of the e-commerce company's stock worth $29,413,000 after acquiring an additional 164,282 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company's stock, valued at $4,336,213.77. This represents a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares of the company's stock, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,641 shares of company stock valued at $3,370,974 in the last 90 days. 0.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several research reports. Morgan Stanley upped their price target 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. Barclays dropped their target price on eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price target on eBay from $56.00 to $64.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. StockNews.com lowered eBay from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of eBay from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $62.63.

eBay Stock Performance

NASDAQ EBAY traded down $0.06 on Friday, reaching $63.84. 4,278,640 shares of the company's stock traded hands, compared to its average volume of 5,299,535. The firm has a market cap of $30.58 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 2.20 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The stock has a 50 day moving average price of $63.37 and a 200-day moving average price of $59.10. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.69%. eBay's dividend payout ratio is presently 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.