eBay Inc. (NASDAQ:EBAY) Shares Bought by Assetmark Inc.

Assetmark Inc. boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,311 shares of the e-commerce company’s stock after buying an additional 1,733 shares during the period. Assetmark Inc.’s holdings in eBay were worth $1,192,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EBAY. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after purchasing an additional 153 shares in the last quarter. Optas LLC grew its holdings in shares of eBay by 0.5% during the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after buying an additional 171 shares in the last quarter. Davis Investment Partners LLC raised its position in shares of eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock valued at $1,531,000 after buying an additional 180 shares during the last quarter. Quent Capital LLC boosted its position in eBay by 6.8% during the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after acquiring an additional 202 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in eBay by 3.0% during the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock worth $405,000 after acquiring an additional 219 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on EBAY shares. Evercore ISI raised their target price on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Thursday, August 1st. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 target price on shares of eBay in a report on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen lifted their target price on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.87.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the transaction, 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 filing with the SEC, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay 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 sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock valued at $3,015,417 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Performance

NASDAQ:EBAY opened at $62.30 on Friday. eBay Inc. has a 52 week low of $38.97 and a 52 week high of $67.80. The company has a fifty day simple moving average of $63.42 and a two-hundred day simple moving average of $57.37. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $29.84 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 2.02 and a beta of 1.34.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.73%. eBay’s dividend payout ratio (DPR) is 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.