Metis Global Partners LLC Acquires 479 Shares of eBay Inc. (NASDAQ:EBAY)

Metis Global Partners LLC lifted its holdings in eBay Inc. (NASDAQ:EBAY) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 32,775 shares of the e-commerce company’s stock after buying an additional 479 shares during the period. Metis Global Partners LLC’s holdings in eBay were worth $2,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. KBC Group NV lifted its stake in shares of eBay by 8.2% in the 3rd quarter. KBC Group NV now owns 354,361 shares of the e-commerce company’s stock worth $23,073,000 after purchasing an additional 26,948 shares during the period. Huntington National Bank raised its stake in eBay by 1.2% during the 3rd quarter. Huntington National Bank now owns 31,427 shares of the e-commerce company’s stock worth $2,046,000 after acquiring an additional 368 shares during the period. D Orazio & Associates Inc. raised its stake in eBay by 14.5% during the 3rd quarter. D Orazio & Associates Inc. now owns 6,467 shares of the e-commerce company’s stock worth $421,000 after acquiring an additional 821 shares during the period. Oppenheimer & Co. Inc. bought a new stake in eBay during the 3rd quarter worth approximately $256,000. Finally, Chase Investment Counsel Corp bought a new stake in eBay during the 3rd quarter worth approximately $6,524,000. Institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $66.56, for a total value of $374,400.00. Following the completion of the transaction, the chief executive officer now directly owns 553,666 shares of the company’s stock, valued at approximately $36,852,008.96. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value 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 $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,016 shares of company stock worth $3,015,417 over the last quarter. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EBAY. Stifel Nicolaus raised their target price on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $72.00 price objective on shares of eBay in a report on Thursday, October 31st. Piper Sandler increased their price objective on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $65.00 price objective on shares of eBay in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus price target of $62.87.

eBay Price Performance

Shares of EBAY stock opened at $61.43 on Friday. eBay Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $67.80. The firm has a market capitalization of $29.42 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.03 and a beta of 1.34. 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 stock’s 50-day simple moving average is $63.49 and its 200-day simple moving average is $57.40.

eBay Dividend Announcement

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