eBay Inc. (NASDAQ:EBAY) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 125.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 104,630 shares of the e-commerce company’s stock after purchasing an additional 58,165 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in eBay were worth $6,812,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of eBay by 4.2% during the third quarter. PNC Financial Services Group Inc. now owns 186,059 shares of the e-commerce company’s stock worth $12,114,000 after buying an additional 7,585 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in eBay during the 3rd quarter valued at about $5,310,000. Prospera Financial Services Inc grew its position in eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after acquiring an additional 62,719 shares in the last quarter. Smead Capital Management Inc. increased its stake in eBay by 3.5% during the third quarter. Smead Capital Management Inc. now owns 3,725,760 shares of the e-commerce company’s stock worth $242,584,000 after purchasing an additional 125,708 shares during the period. Finally, Caprock Group LLC increased its stake in eBay by 15.4% during the third quarter. Caprock Group LLC now owns 60,771 shares of the e-commerce company’s stock worth $3,957,000 after purchasing an additional 8,116 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Up 3.0 %

eBay stock opened at $63.24 on Friday. The company has a market capitalization of $30.29 billion, a P/E ratio of 15.89, a PEG ratio of 1.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The stock has a 50-day simple moving average of $63.55 and a 200-day simple moving average of $57.86.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 1.71%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Analyst Upgrades and Downgrades

EBAY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. Morgan Stanley lifted their target price on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Evercore ISI upped their price target on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. Finally, Mizuho lifted their price objective on eBay from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, eBay currently has a consensus rating of “Hold” and a consensus price target of $62.87.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,016 shares of company stock worth $3,015,417. Insiders own 0.38% of the company’s stock.

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.