1,620,424 Shares in eBay Inc. (NASDAQ:EBAY) Bought by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in eBay Inc. (NASDAQ:EBAY) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 1,620,424 shares of the e-commerce company’s stock, valued at approximately $105,506,000.

Other institutional investors also recently modified their holdings of the company. Wahed Invest LLC acquired a new stake in eBay in the 3rd quarter valued at approximately $800,000. Weiss Asset Management LP bought a new position in shares of eBay during the 3rd quarter worth approximately $783,000. Taika Capital LP acquired a new stake in shares of eBay in the third quarter valued at approximately $4,684,000. Quantinno Capital Management LP lifted its position in shares of eBay by 15.2% in the third quarter. Quantinno Capital Management LP now owns 81,538 shares of the e-commerce company’s stock worth $5,309,000 after purchasing an additional 10,787 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of eBay in the third quarter worth $36,000. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Up 2.4 %

EBAY stock opened at $65.14 on Tuesday. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week 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 stock has a market capitalization of $31.20 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.67 and a beta of 1.35. The business’s fifty day moving average price is $63.54 and its two-hundred day moving average price is $58.91.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is 27.14%.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of eBay 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 completion of the transaction, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This represents a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,641 shares of company stock worth $3,370,974 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EBAY. The Goldman Sachs Group lifted their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. Benchmark restated a “buy” rating and issued a $65.00 price objective on shares of eBay in a report on Tuesday, October 29th. Morgan Stanley upped their target price on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Finally, TD Cowen upped their price objective on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, eBay currently has an average rating of “Hold” and a consensus price target of $63.17.

eBay Company 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.