76,760 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Portolan Capital Management LLC

Portolan Capital Management LLC acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 76,760 shares of the e-commerce company’s stock, valued at approximately $4,998,000.

A number of other institutional investors have also recently modified their holdings of EBAY. Maven Securities LTD bought a new position in shares of eBay in the third quarter worth $587,000. Motley Fool Asset Management LLC grew its stake in eBay by 2.1% during the third quarter. Motley Fool Asset Management LLC now owns 22,423 shares of the e-commerce company’s stock worth $1,476,000 after buying an additional 468 shares in the last quarter. IHT Wealth Management LLC bought a new position in eBay in the 3rd quarter valued at about $244,000. Investment Management Corp of Ontario raised its position in shares of eBay by 1,061.6% in the 3rd quarter. Investment Management Corp of Ontario now owns 134,995 shares of the e-commerce company’s stock valued at $8,790,000 after buying an additional 123,374 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC lifted its holdings in shares of eBay by 10.5% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 387,395 shares of the e-commerce company’s stock worth $25,223,000 after acquiring an additional 36,763 shares during the period. 87.48% of the stock is currently owned by institutional investors.

eBay Trading Down 0.4 %

Shares of EBAY stock opened at $62.94 on Wednesday. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. 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 50 day moving average of $63.57 and a 200-day moving average of $58.58. The firm has a market cap of $30.15 billion, a P/E ratio of 15.81, a PEG ratio of 1.66 and a beta of 1.35.

eBay Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.72%. eBay’s dividend payout ratio is presently 27.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EBAY shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Cantor Fitzgerald reissued a “neutral” rating and set a $62.00 price target on shares of eBay in a report on Monday, October 7th. Bank of America decreased their target price on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Truist Financial raised their price target on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.87.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is owned by company insiders.

About eBay

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.