Lifeworks Advisors LLC Buys 726 Shares of eBay Inc. (NASDAQ:EBAY)

Lifeworks Advisors LLC lifted its stake in eBay Inc. (NASDAQ:EBAY) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,946 shares of the e-commerce company’s stock after purchasing an additional 726 shares during the period. Lifeworks Advisors LLC’s holdings in eBay were worth $2,340,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EBAY. Private Advisor Group LLC lifted its position in shares of eBay by 90.7% during the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after buying an additional 21,636 shares during the last quarter. Cetera Investment Advisers raised its position in shares of eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after purchasing an additional 60,544 shares during the last quarter. PGGM Investments raised its position in shares of eBay by 88.0% in the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after purchasing an additional 28,604 shares during the last quarter. Freestone Capital Holdings LLC raised its position in shares of eBay by 435.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after purchasing an additional 29,624 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in eBay by 234.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company’s stock worth $9,806,000 after buying an additional 127,991 shares during the period. 87.48% of the stock is currently owned by institutional investors.

eBay Stock Up 0.6 %

Shares of eBay stock traded up $0.35 on Thursday, reaching $62.24. 530,397 shares of the company were exchanged, compared to its average volume of 5,406,637. The stock’s 50 day moving average price is $63.42 and its 200-day moving average price is $57.37. The company has a market cap of $29.81 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 2.02 and a beta of 1.34. eBay Inc. has a 1-year low of $38.97 and a 1-year high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares of the company’s stock, valued at approximately $36,963,542.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the sale, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock valued at $3,015,417 over the last quarter. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Evercore ISI lifted their price target on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Thursday, August 1st. Sanford C. Bernstein raised shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. One investment 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.87.

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.