eBay Inc. (NASDAQ:EBAY) Shares Sold by Deseret Mutual Benefit Administrators

Deseret Mutual Benefit Administrators cut its position in eBay Inc. (NASDAQ:EBAY) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,348 shares of the e-commerce company’s stock after selling 177 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in eBay were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after acquiring an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. raised its position in eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. Mirova US LLC boosted its stake in shares of eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after buying an additional 189,505 shares during the period. Victory Capital Management Inc. boosted its stake in shares of eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after buying an additional 838,969 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after buying an additional 530,941 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity

In related news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock valued at $3,015,417 over the last 90 days. Insiders own 0.38% of the company’s stock.

eBay Trading Up 0.2 %

eBay stock opened at $61.23 on Thursday. The stock has a 50-day moving average price of $63.12 and a 200 day moving average price of $57.00. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $67.80. The stock has a market cap of $29.33 billion, a PE ratio of 15.35, a P/E/G ratio of 1.99 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.

eBay Announces Dividend

The company 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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EBAY. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 target price on shares of eBay in a report on Monday, October 7th. Piper Sandler lifted their price target on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird dropped their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $62.87.

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.