eBay Inc. (NASDAQ:EBAY) Stake Increased by Pitcairn Co.

Pitcairn Co. grew its holdings in eBay Inc. (NASDAQ:EBAY) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,996 shares of the e-commerce company’s stock after purchasing an additional 776 shares during the period. Pitcairn Co.’s holdings in eBay were worth $4,753,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EBAY. Gamco Investors INC. ET AL lifted its holdings in shares of eBay by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 20,190 shares of the e-commerce company’s stock valued at $1,066,000 after purchasing an additional 400 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of eBay in the first quarter valued at $29,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of eBay by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock valued at $37,887,000 after purchasing an additional 20,712 shares in the last quarter. SVB Wealth LLC raised its holdings in shares of eBay by 27.1% during the first quarter. SVB Wealth LLC now owns 21,463 shares of the e-commerce company’s stock worth $1,133,000 after acquiring an additional 4,581 shares in the last quarter. Finally, Ascent Group LLC purchased a new stake in shares of eBay during the first quarter worth $351,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Up 3.0 %

EBAY stock opened at $63.24 on Friday. eBay Inc. has a twelve month low of $40.16 and a twelve month high of $67.80. The company has a market cap of $30.29 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. The business’s 50-day simple moving average is $63.55 and its 200 day simple moving average is $57.86. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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 owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 5.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was 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 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. Insiders have sold a total of 47,016 shares of company stock valued at $3,015,417 over the last three months. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on EBAY. Stifel Nicolaus increased their price objective on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. The Goldman Sachs Group increased 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. Susquehanna increased their price objective on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, eBay has an average rating of “Hold” and a consensus price target 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.