Plato Investment Management Ltd Has $1.45 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Plato Investment Management Ltd decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 51.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,296 shares of the e-commerce company’s stock after selling 23,170 shares during the quarter. Plato Investment Management Ltd’s holdings in eBay were worth $1,450,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after buying an additional 153 shares in the last quarter. Optas LLC increased its position in shares of eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after buying an additional 171 shares in the last quarter. Davis Investment Partners LLC increased its position in shares of eBay by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after buying an additional 180 shares in the last quarter. Arvest Investments Inc. increased its position in shares of eBay by 1.2% in the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock valued at $990,000 after buying an additional 183 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of eBay by 6.8% in the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This represents a 1.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 26.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on EBAY shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Mizuho increased their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Benchmark reiterated a “buy” rating and set a $65.00 target price on shares of eBay in a report on Tuesday, October 29th. Daiwa America upgraded eBay to a “hold” rating in a report on Wednesday, August 14th. Finally, Robert W. Baird lowered their target price on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.87.

eBay Stock Performance

Shares of EBAY stock opened at $62.30 on Friday. The stock has a market capitalization of $29.84 billion, a P/E ratio of 15.65, a PEG ratio of 2.02 and a beta of 1.34. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm’s 50 day moving average is $63.42 and its 200 day moving average is $57.37. eBay Inc. has a 12 month low of $38.97 and a 12 month high of $67.80.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

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.