Royal London Asset Management Ltd. Sells 3,542 Shares of eBay Inc. (NASDAQ:EBAY)

Royal London Asset Management Ltd. cut its stake in eBay Inc. (NASDAQ:EBAY) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 200,180 shares of the e-commerce company’s stock after selling 3,542 shares during the period. Royal London Asset Management Ltd.’s holdings in eBay were worth $10,754,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EBAY. Van ECK Associates Corp boosted its position in shares of eBay by 25.0% during the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after purchasing an additional 17,143 shares in the last quarter. SteelPeak Wealth LLC grew its position in shares of eBay by 42.3% in the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock worth $3,042,000 after buying an additional 17,140 shares during the period. Cetera Investment Advisers increased its stake in shares of eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after acquiring an additional 60,544 shares in the last quarter. PGGM Investments lifted its position in eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after acquiring an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC boosted its stake in eBay by 435.2% during the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after acquiring an additional 29,624 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is currently owned by insiders.

eBay Stock Up 4.0 %

EBAY stock opened at $63.18 on Friday. The company has a market cap of $31.72 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 2.31 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50-day moving average is $56.34 and its two-hundred day moving average is $53.34. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $63.27.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Analysts Set New Price Targets

EBAY has been the subject of a number of analyst reports. Jefferies Financial Group raised their target price on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Wells Fargo & Company lowered their price objective on eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Susquehanna increased their target price on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Daiwa America raised eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Truist Financial increased their price objective on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.90.

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.