Voya Financial Advisors Inc. Grows Holdings in eBay Inc. (NASDAQ:EBAY)

Voya Financial Advisors Inc. raised its position in eBay Inc. (NASDAQ:EBAY) by 4.0% in the third quarter, Holdings Channel reports. The institutional investor owned 15,118 shares of the e-commerce company’s stock after purchasing an additional 579 shares during the period. Voya Financial Advisors Inc.’s holdings in eBay were worth $968,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in eBay in the third quarter valued at $105,506,000. Wahed Invest LLC purchased a new position in eBay in the third quarter valued at $800,000. Weiss Asset Management LP acquired a new stake in shares of eBay in the third quarter valued at about $783,000. Taika Capital LP acquired a new stake in shares of eBay in the third quarter valued at about $4,684,000. Finally, Quantinno Capital Management LP grew its position in shares of eBay by 15.2% in the third quarter. Quantinno Capital Management LP now owns 81,538 shares of the e-commerce company’s stock valued at $5,309,000 after purchasing an additional 10,787 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,641 shares of company stock valued at $3,370,974 over the last ninety days. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Piper Sandler lifted their target price on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen lifted their target price on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 target price on shares of eBay in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.87.

eBay Price Performance

Shares of EBAY stock opened at $63.62 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50-day moving average is $63.55 and its two-hundred day moving average is $58.65. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. The company has a market capitalization of $30.47 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.65 and a beta of 1.35.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 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.