Northwest & Ethical Investments L.P. Buys Shares of 68,900 eBay Inc. (NASDAQ:EBAY)

Northwest & Ethical Investments L.P. purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,900 shares of the e-commerce company’s stock, valued at approximately $4,486,000.

Several other hedge funds have also recently modified their holdings of the stock. Private Advisor Group LLC raised its position in eBay by 90.7% during the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after buying an additional 21,636 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of eBay by 325.4% during the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after acquiring an additional 60,544 shares during the period. PGGM Investments raised its holdings in eBay by 88.0% during the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after purchasing an additional 28,604 shares in the last quarter. Prospera Financial Services Inc lifted its position in eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after purchasing an additional 62,719 shares during the period. Finally, Trustmark National Bank Trust Department purchased a new stake in eBay in the 3rd quarter valued at approximately $1,307,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Down 1.2 %

Shares of NASDAQ EBAY opened at $64.31 on Friday. The stock has a market capitalization of $30.80 billion, a PE 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 firm has a fifty day moving average of $63.61 and a 200-day moving average of $58.26. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the firm’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 transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $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 sold 47,016 shares of company stock worth $3,015,417 over the last three months. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EBAY shares. The Goldman Sachs Group increased their target price on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Citigroup raised their target price on eBay from $65.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Morgan Stanley boosted their target price on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Bank of America cut their price target on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Evercore ISI boosted their price objective on shares of eBay from $47.00 to $53.00 and gave the stock 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently 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.