Clarius Group LLC Has $410,000 Position in eBay Inc. (NASDAQ:EBAY)

Clarius Group LLC lessened its position in eBay Inc. (NASDAQ:EBAY) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,310 shares of the e-commerce company’s stock after selling 201 shares during the period. Clarius Group LLC’s holdings in eBay were worth $410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC increased its stake in shares of eBay by 30.2% in the fourth quarter. V Square Quantitative Management LLC now owns 10,064 shares of the e-commerce company’s stock valued at $439,000 after buying an additional 2,336 shares during the period. Royal London Asset Management Ltd. increased its stake in shares of eBay by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 209,264 shares of the e-commerce company’s stock valued at $9,128,000 after buying an additional 4,093 shares during the period. Fisher Asset Management LLC increased its stake in shares of eBay by 43.8% in the fourth quarter. Fisher Asset Management LLC now owns 8,633 shares of the e-commerce company’s stock valued at $377,000 after buying an additional 2,629 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of eBay in the fourth quarter valued at about $10,905,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of eBay in the fourth quarter valued at about $457,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on EBAY. The Goldman Sachs Group upped their target price on eBay from $38.00 to $46.00 and gave the company a “sell” rating in a research report on Friday, August 2nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. Wolfe Research started coverage on eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Piper Sandler reaffirmed an “overweight” rating and set a $64.00 price target (up from $58.00) on shares of eBay in a research report on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $58.05.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares of the company’s stock, valued at approximately $36,963,542.19. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,224 shares of company stock valued at $2,600,666. Insiders own 0.38% of the company’s stock.

eBay Stock Up 0.4 %

EBAY opened at $66.33 on Friday. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $67.72. 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 company has a fifty day moving average of $60.66 and a two-hundred day moving average of $55.40. The stock has a market capitalization of $32.44 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 2.59 and a beta of 1.32.

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

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.63%. eBay’s dividend payout ratio is currently 20.97%.

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.