3,797 Shares in eBay Inc. (NASDAQ:EBAY) Bought by LMR Partners LLP

LMR Partners LLP purchased a new position in eBay Inc. (NASDAQ:EBAY) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,797 shares of the e-commerce company’s stock, valued at approximately $247,000.

A number of other institutional investors also recently made changes to their positions in EBAY. Ameriprise Financial Inc. raised its holdings in shares of eBay by 17.6% in 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 acquiring an additional 3,880,649 shares during the last quarter. Swedbank AB purchased a new stake in eBay during the first quarter valued at about $73,777,000. Altshuler Shaham Ltd purchased a new stake in eBay during the second quarter valued at about $71,593,000. LSV Asset Management grew its position 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 valued at $360,211,000 after acquiring an additional 1,216,885 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in eBay during the second quarter valued at about $49,924,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EBAY. Barclays lowered their price target on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. UBS Group cut their price target on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, October 31st. Robert W. Baird cut their price target on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group upped their price objective on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $62.87.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $60.82 on Thursday. The stock has a fifty day moving average price of $63.59 and a two-hundred day moving average price of $57.74. 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 firm has a market cap of $29.13 billion, a P/E ratio of 15.28, a PEG ratio of 1.60 and a beta of 1.34. 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. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.78%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their position. The sale was disclosed in a legal filing 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 on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their position. 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. Insiders own 0.38% of the company’s stock.

eBay 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.