eBay Inc. (NASDAQ:EBAY) Stock Holdings Increased by Empirical Finance LLC

Empirical Finance LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,115 shares of the e-commerce company’s stock after purchasing an additional 583 shares during the period. Empirical Finance LLC’s holdings in eBay were worth $984,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of eBay in the second quarter valued at $26,000. Tortoise Investment Management LLC raised its position in shares of eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares during the period. LRI Investments LLC purchased a new stake in shares of eBay during the first quarter valued at $29,000. Hobbs Group Advisors LLC purchased a new stake in shares of eBay during the second quarter valued at $29,000. Finally, Gradient Investments LLC boosted its position in shares of eBay by 86.3% in the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after purchasing an additional 284 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 25,000 shares of the business’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 sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. The trade was a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on EBAY. The Goldman Sachs Group boosted their price objective on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a report on Tuesday, October 15th. Barclays reduced their price target on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Wells Fargo & Company decreased their price objective on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Susquehanna increased their target price on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group raised their target price on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.87.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $61.43 on Friday. The stock has a market capitalization of $29.42 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.03 and a beta of 1.34. The business has a 50-day moving average of $63.53 and a two-hundred day moving average of $57.51. eBay Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.76%. eBay’s dividend payout ratio (DPR) is currently 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.