eBay Inc. (NASDAQ:EBAY) Stock Holdings Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its position in shares of eBay Inc. (NASDAQ:EBAY) by 22.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,969 shares of the e-commerce company’s stock after buying an additional 1,984 shares during the period. Advisors Asset Management Inc.’s holdings in eBay were worth $714,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EBAY. Ameriprise Financial Inc. lifted its stake in eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares during the last quarter. Mirova US LLC lifted its position 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 buying an additional 189,505 shares during the last quarter. Victory Capital Management Inc. boosted 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 valued at $404,879,000 after buying an additional 838,969 shares during the period. Dimensional Fund Advisors LP grew its position in shares of eBay by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after buying an additional 530,941 shares during the last quarter. Finally, LSV Asset Management raised its stake in eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after acquiring an additional 1,216,885 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EBAY. Wells Fargo & Company reduced their price objective on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. 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. Citigroup boosted their target price on shares of eBay from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Evercore ISI upped their target price on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. Finally, Piper Sandler lifted their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average target price of $62.87.

eBay Trading Up 0.2 %

NASDAQ:EBAY opened at $65.09 on Wednesday. The stock has a fifty day simple moving average of $63.57 and a 200 day simple moving average of $58.18. The firm has a market capitalization of $31.18 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The company also recently declared 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 dividend yield of 1.66%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $4,530,000.93. This trade represents a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 1,167 shares of the company’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 transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 1.76 % 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 valued at $3,015,417. Company insiders own 0.38% of the company’s stock.

About eBay

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.