eBay Inc. (NASDAQ:EBAY) Stock Position Lessened by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 695,296 shares of the e-commerce company’s stock after selling 36,895 shares during the quarter. Bank of Montreal Can owned 0.15% of eBay worth $44,499,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of EBAY. Ameriprise Financial Inc. grew its stake in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of eBay in the second quarter valued at $71,593,000. LSV Asset Management lifted its holdings in shares of 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 buying an additional 1,216,885 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of eBay in the second quarter valued at $49,924,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after buying an additional 838,969 shares during the period. Institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EBAY. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a report on Monday, October 7th. Piper Sandler upped their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Stifel Nicolaus upped their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Truist Financial upped their price objective on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Evercore ISI upped their price objective on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.87.

eBay Trading Down 1.2 %

NASDAQ:EBAY opened at $64.31 on Friday. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. The firm has a market cap of $30.80 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.70 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. The company’s 50 day moving average is $63.61 and its 200-day moving average is $58.26.

eBay Dividend Announcement

The business also recently disclosed 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 is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. eBay’s payout ratio is 27.14%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,016 shares of company stock worth $3,015,417. Insiders own 0.38% of the company’s stock.

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.