Marco Investment Management LLC Boosts Stake in eBay Inc. (NASDAQ:EBAY)

Marco Investment Management LLC increased its stake in shares of eBay Inc. (NASDAQ:EBAY) by 2.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,335 shares of the e-commerce company’s stock after acquiring an additional 200 shares during the quarter. Marco Investment Management LLC’s holdings in eBay were worth $673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of eBay during the 2nd quarter worth $26,000. Tortoise Investment Management LLC raised its stake in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares during the period. LRI Investments LLC purchased a new stake in shares of eBay in the 1st quarter valued at approximately $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of eBay during the 2nd quarter worth approximately $29,000. Finally, Gradient Investments LLC raised its position in shares of eBay by 86.3% during the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Up 3.0 %

Shares of eBay stock opened at $63.24 on Friday. 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 52-week low of $40.16 and a 52-week high of $67.80. The company has a market capitalization of $30.29 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.60 and a beta of 1.34. The company has a 50 day moving average of $63.55 and a 200 day moving average of $57.92.

eBay Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.71%. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at $32,833,196.22. The trade was a 1.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction dated Wednesday, October 16th. The shares were 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. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,016 shares of company stock worth $3,015,417. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EBAY. Daiwa America raised eBay to a “hold” rating in a research report on Wednesday, August 14th. Stifel Nicolaus increased their price objective on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. The Goldman Sachs Group boosted their target price on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. Robert W. Baird lowered their price target on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Citigroup boosted their price objective on eBay from $65.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.87.

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.