Primecap Management Co. CA Sells 36,720 Shares of eBay Inc. (NASDAQ:EBAY)

Primecap Management Co. CA trimmed its position in shares of eBay Inc. (NASDAQ:EBAY) by 1.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,256,290 shares of the e-commerce company’s stock after selling 36,720 shares during the quarter. Primecap Management Co. CA’s holdings in eBay were worth $146,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ameriprise Financial Inc. raised its position in eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. Mirova US LLC boosted its position in eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after buying an additional 189,505 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of eBay by 12.5% during the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of eBay by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after acquiring an additional 530,941 shares during the period. Finally, LSV Asset Management lifted its stake in shares of eBay by 22.2% during the second 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 period. 87.48% of the stock is currently owned by institutional investors.

Insider Transactions at eBay

In related 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 transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on EBAY. Susquehanna boosted their price objective on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Piper Sandler raised 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. Daiwa America upgraded shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price target on shares of eBay in a research report on Monday, October 7th. One equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.87.

eBay Stock Up 1.1 %

Shares of EBAY stock opened at $61.51 on Friday. The firm has a fifty day moving average of $63.56 and a 200-day moving average of $57.77. The company has a market capitalization of $29.46 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.59 and a beta of 1.34. The company has a quick ratio of 1.25, a current 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 disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued 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 1.76%. eBay’s payout ratio is presently 27.14%.

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.