Lindsell Train Ltd Has $267.47 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Lindsell Train Ltd lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 6.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,108,022 shares of the e-commerce company’s stock after selling 268,000 shares during the period. eBay makes up 6.0% of Lindsell Train Ltd’s portfolio, making the stock its 8th biggest position. Lindsell Train Ltd owned about 0.82% of eBay worth $267,473,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC raised its position in eBay by 43.8% in the 4th quarter. Fisher Asset Management LLC now owns 8,633 shares of the e-commerce company’s stock worth $377,000 after purchasing an additional 2,629 shares during the last quarter. Nomura Holdings Inc. acquired a new position in eBay in the 4th quarter valued at about $457,000. Kapitalo Investimentos Ltda acquired a new position in eBay in the 4th quarter valued at about $69,000. CWM LLC grew its stake in eBay by 65.4% in the 1st quarter. CWM LLC now owns 17,090 shares of the e-commerce company’s stock valued at $902,000 after buying an additional 6,755 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of eBay by 40.8% during the 1st quarter. GAMMA Investing LLC now owns 2,690 shares of the e-commerce company’s stock worth $142,000 after purchasing an additional 779 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EBAY has been the topic of several analyst reports. Wolfe Research began coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Susquehanna increased their price objective on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. The Goldman Sachs Group increased their price objective on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research report on Tuesday. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price target on shares of eBay in a report on Monday, October 7th. Finally, Truist Financial lifted their price objective on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $59.10.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay 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 transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is currently owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ EBAY opened at $65.13 on Friday. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $67.80. The stock has a market capitalization of $32.70 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 2.59 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50 day simple moving average is $61.76 and its 200-day simple moving average is $55.91.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. Analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.27 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. eBay’s payout ratio is presently 21.51%.

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.