Foundry Partners LLC Has $27.21 Million Position in eBay Inc. (NASDAQ:EBAY)

21 Nov 2024, 07:38 by Amy Steele · The Cerbat Gem

Foundry Partners LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,889 shares of the e-commerce company’s stock after selling 393 shares during the period. eBay makes up 1.3% of Foundry Partners LLC’s portfolio, making the stock its 14th biggest position. Foundry Partners LLC owned approximately 0.09% of eBay worth $27,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of eBay by 27.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 450,119 shares of the e-commerce company’s stock worth $29,307,000 after buying an additional 97,170 shares in the last quarter. Cornerstone Advisors LLC boosted its position in eBay by 29.6% during the 3rd quarter. Cornerstone Advisors LLC now owns 32,000 shares of the e-commerce company’s stock worth $2,084,000 after acquiring an additional 7,300 shares during the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of eBay by 1.3% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 117,428 shares of the e-commerce company’s stock worth $7,646,000 after acquiring an additional 1,562 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of eBay by 6.3% in the third quarter. First Horizon Advisors Inc. now owns 7,967 shares of the e-commerce company’s stock valued at $519,000 after purchasing an additional 474 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of eBay by 22.1% in the third quarter. Advisors Asset Management Inc. now owns 10,969 shares of the e-commerce company’s stock valued at $714,000 after purchasing an additional 1,984 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated 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 in the company, valued at $36,963,542.19. The trade was a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,016 shares of company stock worth $3,015,417. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and issued a $65.00 target price on shares of eBay in a research report on Tuesday, October 29th. Citigroup increased their price objective on shares of eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Bank of America lowered their target price on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Barclays dropped their target price on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, Evercore ISI raised their price target on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus price target of $62.87.

View Our Latest Stock Report on EBAY

eBay Trading Down 0.5 %

Shares of eBay stock opened at $60.82 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50-day moving average of $63.59 and a 200-day moving average of $57.74. eBay Inc. has a 52-week low of $38.97 and a 52-week high of $67.80. The stock has a market cap of $29.13 billion, a PE ratio of 15.28, a PEG ratio of 1.59 and a beta of 1.34.

eBay Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.78%. eBay’s payout ratio is presently 27.14%.

About eBay

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