Impax Asset Management Group plc Takes $6.89 Million Position in eBay Inc. (NASDAQ:EBAY)

Impax Asset Management Group plc acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 105,876 shares of the e-commerce company’s stock, valued at approximately $6,894,000.

Several other hedge funds have also added to or reduced their stakes in the business. Kingsview Wealth Management LLC bought a new position in eBay during the 1st quarter worth $224,000. Blair William & Co. IL raised its position in shares of eBay by 22.9% during the first quarter. Blair William & Co. IL now owns 29,316 shares of the e-commerce company’s stock worth $1,547,000 after acquiring an additional 5,456 shares during the last quarter. Banco Santander S.A. raised its position in shares of eBay by 2.1% during the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock worth $609,000 after acquiring an additional 236 shares during the last quarter. Vanguard Group Inc. raised its position in shares of eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of eBay by 63.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 444,120 shares of the e-commerce company’s stock worth $23,441,000 after acquiring an additional 172,182 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Down 1.4 %

Shares of NASDAQ:EBAY opened at $61.43 on Friday. The stock has a market cap of $29.42 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.03 and a beta of 1.34. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $38.97 and a 12-month high of $67.80. The business’s 50 day moving average is $63.49 and its 200 day moving average is $57.40.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.76%. eBay’s payout ratio is 27.14%.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. This represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,016 shares of company stock valued at $3,015,417 over the last 90 days. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. UBS Group lowered their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Robert W. Baird lowered their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Morgan Stanley raised their price objective on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Wells Fargo & Company lowered their price objective on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Finally, Bank of America lowered their target price on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. One 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, eBay has an average rating of “Hold” and an average target price of $62.87.

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.