Accredited Investors Inc. Takes $218,000 Position in eBay Inc. (NASDAQ:EBAY)

Accredited Investors Inc. acquired a new position in eBay Inc. (NASDAQ:EBAY) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 3,349 shares of the e-commerce company’s stock, valued at approximately $218,000.

Several other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC boosted its stake in eBay by 10.7% during the third quarter. Natixis Advisors LLC now owns 443,462 shares of the e-commerce company’s stock worth $28,874,000 after buying an additional 42,790 shares in the last quarter. Mizuho Markets Americas LLC bought a new position in shares of eBay during the 3rd quarter worth about $880,000. Insight 2811 Inc. acquired a new stake in shares of eBay during the 3rd quarter valued at about $205,000. Empowered Funds LLC boosted its position in shares of eBay by 57.4% during the 3rd quarter. Empowered Funds LLC now owns 106,358 shares of the e-commerce company’s stock valued at $6,925,000 after acquiring an additional 38,782 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in eBay by 4.0% in the third quarter. Empirical Finance LLC now owns 15,115 shares of the e-commerce company’s stock valued at $984,000 after acquiring an additional 583 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last three months. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Stifel Nicolaus increased their price objective on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Truist Financial boosted their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Barclays dropped their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Citigroup lifted their price target on shares of eBay from $65.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Trading Down 1.4 %

Shares of NASDAQ EBAY opened at $61.43 on Monday. eBay Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $67.80. The firm has a market capitalization of $29.42 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.60 and a beta of 1.34. 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 company’s 50 day simple moving average is $63.53 and its 200 day simple moving average is $57.55.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid 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 is Friday, November 29th. eBay’s dividend payout ratio (DPR) is currently 27.14%.

eBay 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.