1,679 Shares in eBay Inc. (NASDAQ:EBAY) Purchased by Brooklyn Investment Group

28 Nov 2024, 07:44 by Teresa Graham · The Cerbat Gem

Brooklyn Investment Group bought a new stake in eBay Inc. (NASDAQ:EBAY – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,679 shares of the e-commerce company’s stock, valued at approximately $109,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in eBay by 17.6% in 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 acquiring an additional 3,880,649 shares during the last quarter. Mirova US LLC lifted its position in eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after buying an additional 189,505 shares during the period. Victory Capital Management Inc. boosted its stake in eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after buying an additional 838,969 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after buying an additional 530,941 shares during the period. Finally, LSV Asset Management increased its stake in shares of eBay by 22.2% during the 2nd 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 during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were 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 owns 548,042 shares of the company’s stock, 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 through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,016 shares of company stock worth $3,015,417. Insiders own 0.38% of the company’s stock.

eBay Trading Down 1.2 %

Shares of NASDAQ EBAY opened at $64.31 on Thursday. The company has a market cap of $30.80 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. The stock’s 50 day simple moving average is $63.59 and its 200 day simple moving average is $58.22. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80.

eBay Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EBAY shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. Stifel Nicolaus upped their price objective on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Evercore ISI boosted their price target on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. Mizuho upped their price target on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.87.

Read Our Latest Stock Analysis on EBAY

eBay Company Profile

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