Banque Cantonale Vaudoise lifted its stake in eBay Inc. (NASDAQ:EBAY – Free Report) by 349.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,980 shares of the e-commerce company’s stock after buying an additional 22,532 shares during the period. Banque Cantonale Vaudoise’s holdings in eBay were worth $2,635,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of EBAY. Invesco Ltd. grew its position in eBay by 1.7% during the 2nd quarter. Invesco Ltd. now owns 8,581,556 shares of the e-commerce company’s stock worth $638,983,000 after acquiring an additional 140,160 shares during the last quarter. First Trust Advisors LP raised its holdings in eBay by 27.8% during the 3rd quarter. First Trust Advisors LP now owns 8,309,698 shares of the e-commerce company’s stock valued at $755,767,000 after buying an additional 1,808,976 shares during the last quarter. Impax Asset Management Group plc raised its holdings in eBay by 7.8% during the 2nd quarter. Impax Asset Management Group plc now owns 3,810,634 shares of the e-commerce company’s stock valued at $282,838,000 after buying an additional 275,344 shares during the last quarter. ABN AMRO Bank N.V. purchased a new stake in eBay during the 2nd quarter valued at $235,149,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of eBay by 5.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,817,489 shares of the e-commerce company’s stock worth $256,251,000 after purchasing an additional 157,537 shares during the period. Institutional investors own 87.48% of the company’s stock.
eBay Price Performance
EBAY stock opened at $90.86 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a 50 day moving average price of $89.51 and a 200-day moving average price of $88.54. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15. The firm has a market capitalization of $40.71 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.94 and a beta of 1.38.
eBay Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a $0.31 dividend. This is an increase from eBay’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. eBay’s payout ratio is currently 28.51%.
Insider Buying and Selling
In related news, SVP Mazen Rawashdeh sold 1,920 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $81.90, for a total value of $157,248.00. Following the transaction, the senior vice president owned 5,746 shares in the company, valued at $470,597.40. The trade was a 25.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 33,441 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $91.99, for a total transaction of $3,076,237.59. Following the sale, the senior vice president owned 4,733 shares of the company’s stock, valued at approximately $435,388.67. This represents a 87.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 44,593 shares of company stock valued at $3,998,870 over the last ninety days. Insiders own 0.64% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of eBay in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of eBay from $100.00 to $118.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Arete Research boosted their price objective on shares of eBay from $91.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Rothschild & Co Redburn lifted their target price on shares of eBay from $90.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Finally, Stifel Nicolaus increased their price target on shares of eBay from $88.00 to $94.00 and gave the stock a “hold” rating in a research note on Thursday, February 19th. Fourteen equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and an average price target of $97.97.
Check Out Our Latest Analysis on EBAY
eBay Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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