eBay Inc. (NASDAQ:EBAY) Shares Sold by Swiss National Bank

Swiss National Bank reduced its holdings in eBay Inc. (NASDAQ:EBAY) by 2.8% during the 3rd quarter, Holdings Channel reports. The fund owned 1,490,000 shares of the e-commerce company’s stock after selling 43,700 shares during the quarter. Swiss National Bank’s holdings in eBay were worth $97,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in eBay during the 2nd quarter valued at $26,000. Tortoise Investment Management LLC boosted its stake in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in eBay during the 2nd quarter valued at $29,000. LRI Investments LLC bought a new position in eBay during the 1st quarter valued at $29,000. Finally, USA Financial Formulas bought a new position in eBay during the 3rd quarter valued at $38,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EBAY shares. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Truist Financial raised their price objective on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company reduced their price objective on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. 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 MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.87.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $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 a total of 47,016 shares of company stock worth $3,015,417 over the last three months. Corporate insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $61.41 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 1 year low of $38.97 and a 1 year high of $67.80. The business has a fifty day simple moving average of $63.57 and a 200 day simple moving average of $57.64. The firm has a market cap of $29.42 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 1.60 and a beta of 1.34.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 annualized dividend and a yield of 1.76%. eBay’s dividend payout ratio (DPR) is currently 27.14%.

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.