eBay Inc. (NASDAQ:EBAY) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its position in eBay Inc. (NASDAQ:EBAY) by 3,496.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,244 shares of the e-commerce company’s stock after purchasing an additional 4,126 shares during the quarter. Exchange Traded Concepts LLC’s holdings in eBay were worth $276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after acquiring an additional 3,880,649 shares during the last quarter. Mirova US LLC lifted its holdings in shares of eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after acquiring an additional 189,505 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EBAY has been the topic of several recent analyst reports. Evercore ISI upped their price objective on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. Morgan Stanley upped their price objective on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Wolfe Research assumed coverage on shares of eBay in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Bank of America upped their target price on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Finally, Robert W. Baird upped their target price on shares of eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $59.10.

eBay Trading Down 0.6 %

Shares of NASDAQ:EBAY opened at $64.95 on Monday. The company’s 50 day moving average is $61.93 and its two-hundred day moving average is $56.06. eBay Inc. has a 52 week low of $37.17 and a 52 week 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 1.12. The company has a market cap of $32.60 billion, a PE ratio of 12.94, a P/E/G ratio of 2.59 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Equities analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s payout ratio is 21.51%.

Insider Activity

In other news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,391 shares of company stock worth $2,678,424. Corporate insiders own 0.38% of the company’s stock.

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.