eBay Inc. (NASDAQ:EBAY) Shares Bought by Empirical Finance LLC

Empirical Finance LLC lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,115 shares of the e-commerce company’s stock after acquiring an additional 583 shares during the quarter. Empirical Finance LLC’s holdings in eBay were worth $984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in EBAY. Vanguard Group Inc. lifted its stake 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 purchasing an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after buying an additional 3,880,649 shares during the period. Swedbank AB acquired a new position in eBay during the 1st quarter worth approximately $73,777,000. Altshuler Shaham Ltd purchased a new position in eBay in the 2nd quarter worth approximately $71,593,000. Finally, LSV Asset Management grew its position in eBay by 22.2% in the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after acquiring an additional 1,216,885 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 548,042 shares in the company, valued at $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,016 shares of company stock valued at $3,015,417. Company insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on EBAY. Barclays decreased their target price on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Robert W. Baird dropped their target price on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Daiwa America raised eBay to a “hold” rating in a report on Wednesday, August 14th. Finally, Benchmark restated a “buy” rating and set a $65.00 price objective on shares of eBay in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Stock Performance

Shares of EBAY stock opened at $61.43 on Friday. eBay Inc. has a 12-month low of $38.97 and a 12-month high of $67.80. 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 has a market capitalization of $29.42 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. The business has a 50 day simple moving average of $63.53 and a 200 day simple moving average of $57.51.

eBay Announces Dividend

The firm 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. The ex-dividend date of this dividend 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%.

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.