Impax Asset Management Group plc Acquires New Stake in eBay Inc. (NASDAQ:EBAY)

Impax Asset Management Group plc purchased a new position in eBay Inc. (NASDAQ:EBAY) in the third quarter, HoldingsChannel.com reports. The firm purchased 105,876 shares of the e-commerce company’s stock, valued at approximately $6,894,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EBAY. Vanguard Group Inc. increased its position in 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 buying an additional 4,524,934 shares in the last quarter. Ameriprise Financial Inc. increased 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 buying an additional 3,880,649 shares in the last quarter. M&G Plc purchased a new stake in eBay in the first quarter worth about $97,557,000. Swedbank AB purchased a new stake in eBay in the first quarter worth about $73,777,000. Finally, Altshuler Shaham Ltd purchased a new stake in eBay in the second quarter worth about $71,593,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on EBAY. TD Cowen upped their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. Wolfe Research started coverage on eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $72.00 target price on shares of eBay in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.87.

Insider Buying and Selling

In related news, SVP Cornelius Boone sold 3,974 shares of the firm’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 transaction of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction 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 directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction 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 owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,391 shares of company stock valued at $2,678,424. Insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of EBAY stock opened at $61.51 on Wednesday. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $29.46 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.90 and a beta of 1.34. The stock has a 50 day moving average price of $63.05 and a 200 day moving average price of $56.97.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio is currently 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.