Brown Brothers Harriman & Co. Has $458,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

Brown Brothers Harriman & Co. lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,034 shares of the e-commerce company’s stock after purchasing an additional 212 shares during the period. Brown Brothers Harriman & Co.’s holdings in eBay were worth $458,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Private Advisor Group LLC raised its position in eBay by 90.7% during the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after acquiring an additional 21,636 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of eBay by 325.4% during the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after purchasing an additional 60,544 shares during the last quarter. PGGM Investments raised its holdings 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 period. Prospera Financial Services Inc lifted its stake in eBay by 794.2% in the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after purchasing an additional 62,719 shares during the last quarter. Finally, Trustmark National Bank Trust Department bought a new position in eBay during the third quarter worth about $1,307,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EBAY shares. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Morgan Stanley increased their price target on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $65.00 target price on shares of eBay in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.87.

eBay Stock Up 0.2 %

Shares of NASDAQ EBAY opened at $65.09 on Wednesday. The stock has a market capitalization of $31.18 billion, a P/E ratio of 16.35, a PEG ratio of 1.66 and a beta of 1.34. The stock’s fifty day moving average is $63.57 and its 200 day moving average is $58.18. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Insider Activity

In related news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction 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 $32,833,196.22. This represents a 1.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is currently owned by corporate insiders.

eBay Company 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.