Brown Brothers Harriman & Co. Has $458,000 Stake in eBay Inc. (NASDAQ:EBAY)

Brown Brothers Harriman & Co. grew its position in eBay Inc. (NASDAQ:EBAY) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,034 shares of the e-commerce company’s stock after acquiring an additional 212 shares during the period. Brown Brothers Harriman & Co.’s holdings in eBay were worth $458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in eBay in the 2nd quarter valued at $26,000. Tortoise Investment Management LLC increased its stake in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares in the last quarter. LRI Investments LLC bought a new position in shares of eBay in the first quarter valued at about $29,000. Hobbs Group Advisors LLC acquired a new position in eBay during the 2nd quarter worth about $29,000. Finally, Gradient Investments LLC grew its holdings in eBay by 86.3% during the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after acquiring an additional 284 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EBAY shares. Susquehanna boosted their target price on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 price objective on shares of eBay in a report on Monday, October 7th. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and issued a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.87.

eBay Stock Performance

Shares of EBAY stock opened at $65.09 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. The company’s 50 day moving average price is $63.57 and its two-hundred day moving average price is $58.18. The company has a market capitalization of $31.18 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. eBay’s payout ratio is 27.14%.

Insider Activity at eBay

In related 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 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 approximately $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were 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 of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is owned by corporate insiders.

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.