13,508 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, Holdings Channel reports. The firm acquired 13,508 shares of the e-commerce company’s stock, valued at approximately $880,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Kingsview Wealth Management LLC acquired a new position in eBay during the first quarter worth about $224,000. Blair William & Co. IL grew its stake in eBay by 22.9% in the 1st quarter. Blair William & Co. IL now owns 29,316 shares of the e-commerce company’s stock worth $1,547,000 after acquiring an additional 5,456 shares during the period. Banco Santander S.A. increased its stake in eBay by 2.1% in the first quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock valued at $609,000 after purchasing an additional 236 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of eBay by 63.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 444,120 shares of the e-commerce company’s stock worth $23,441,000 after buying an additional 172,182 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EBAY has been the topic of several research reports. Jefferies Financial Group raised their price target on shares of eBay from $58.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Piper Sandler lifted their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Mizuho raised their price target on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Benchmark reiterated a “buy” rating and set a $65.00 price objective on shares of eBay in a research note on Tuesday, October 29th. One 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.87.

eBay Price Performance

EBAY stock opened at $61.43 on Friday. The firm has a 50-day moving average of $63.53 and a two-hundred day moving average of $57.51. The firm has a market capitalization of $29.42 billion, a PE ratio of 15.43, a P/E/G ratio of 2.03 and a beta of 1.34. 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 one year low of $38.97 and a one year high of $67.80.

eBay Announces Dividend

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 given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.76%. eBay’s payout ratio is presently 27.14%.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on 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 owns 65,079 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 559,291 shares of the company’s stock, 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. Insiders have sold a total of 47,016 shares of company stock valued at $3,015,417 in the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

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.