Kiltearn Partners LLP Has $16.79 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Kiltearn Partners LLP cut its position in eBay Inc. (NASDAQ:EBAY) by 40.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 257,894 shares of the e-commerce company’s stock after selling 178,000 shares during the quarter. eBay accounts for 2.3% of Kiltearn Partners LLP’s investment portfolio, making the stock its 18th largest holding. Kiltearn Partners LLP’s holdings in eBay were worth $16,791,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

EBAY has been the subject of a number of recent research reports. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 target price on shares of eBay in a research report on Monday, October 7th. TD Cowen lifted their price target on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Robert W. Baird cut their price target on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Barclays decreased their price objective on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Daiwa America raised eBay to a “hold” rating in a research note on Wednesday, August 14th. One 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.87.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $65.09 on Wednesday. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. The firm has a market cap of $31.18 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 1.70 and a beta of 1.34. The stock’s fifty day moving average price is $63.57 and its two-hundred day moving average price is $58.18. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.66%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now 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 sold 47,016 shares of company stock valued at $3,015,417 in the last three months. Corporate insiders own 0.38% of the company’s stock.

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.