eBay Inc. (NASDAQ:EBAY) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 125.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,630 shares of the e-commerce company’s stock after purchasing an additional 58,165 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in eBay were worth $6,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its stake in shares of eBay by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 20,190 shares of the e-commerce company’s stock worth $1,066,000 after buying an additional 400 shares during the last quarter. LRI Investments LLC purchased a new stake in eBay in the 1st quarter worth approximately $29,000. Price T Rowe Associates Inc. MD grew its stake in shares of eBay by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock worth $37,887,000 after purchasing an additional 20,712 shares during the period. SVB Wealth LLC increased its holdings in shares of eBay by 27.1% during the 1st quarter. SVB Wealth LLC now owns 21,463 shares of the e-commerce company’s stock valued at $1,133,000 after purchasing an additional 4,581 shares in the last quarter. Finally, Ascent Group LLC acquired a new position in shares of eBay in the 1st quarter valued at $351,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Price Performance

NASDAQ:EBAY opened at $63.24 on Friday. The stock has a 50 day moving average price of $63.55 and a 200 day moving average price of $57.86. The stock has a market cap of $30.29 billion, a PE ratio of 15.89, a P/E/G ratio of 1.59 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. eBay Inc. has a one year low of $40.16 and a one year high of $67.80.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. eBay’s dividend payout ratio is presently 27.14%.

Analysts Set New Price Targets

EBAY has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Piper Sandler raised their target price on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price target on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Barclays decreased their target price on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. One equities 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 stock. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average target price of $62.87.

Insider Activity

In other news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 26.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. This represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,016 shares of company stock valued at $3,015,417. 0.38% of the stock is currently owned by insiders.

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.