Blueshift Asset Management LLC Invests $1.54 Million in eBay Inc. (NASDAQ:EBAY)

Blueshift Asset Management LLC purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 23,702 shares of the e-commerce company’s stock, valued at approximately $1,543,000.

A number of other institutional investors also recently bought and sold shares of EBAY. Bridgewater Associates LP grew its holdings in shares of eBay by 15.1% during the 3rd quarter. Bridgewater Associates LP now owns 282,171 shares of the e-commerce company’s stock worth $18,372,000 after acquiring an additional 37,018 shares during the period. Townsquare Capital LLC grew its stake in eBay by 17.9% in the third quarter. Townsquare Capital LLC now owns 22,675 shares of the e-commerce company’s stock worth $1,476,000 after purchasing an additional 3,450 shares during the period. Transamerica Financial Advisors Inc. raised its holdings in eBay by 24.9% in the third quarter. Transamerica Financial Advisors Inc. now owns 2,458 shares of the e-commerce company’s stock worth $161,000 after purchasing an additional 490 shares in the last quarter. Avestar Capital LLC lifted its position in eBay by 19.7% during the third quarter. Avestar Capital LLC now owns 6,441 shares of the e-commerce company’s stock valued at $419,000 after buying an additional 1,058 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of eBay in the 3rd quarter worth about $109,000. 87.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 25,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. The trade was a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock worth $3,015,417 in the last three months. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

EBAY has been the subject of a number of recent research reports. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Citigroup upped their target price on shares of eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. UBS Group lowered their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company reduced their target price on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.87.

eBay Trading Up 0.2 %

Shares of eBay stock opened at $65.09 on Wednesday. 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 company has a fifty day moving average of $63.57 and a 200 day moving average of $58.18. The company has a market capitalization of $31.18 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.70 and a beta of 1.34. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80.

eBay Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.66%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

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.