Victory Capital Management Inc. Has $381.13 Million Stake in eBay Inc. (NASDAQ:EBAY)

Victory Capital Management Inc. lowered its position in eBay Inc. (NASDAQ:EBAY) by 22.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,853,604 shares of the e-commerce company’s stock after selling 1,683,239 shares during the period. Victory Capital Management Inc.’s holdings in eBay were worth $381,128,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay in the second quarter valued at about $26,000. Tortoise Investment Management LLC grew its holdings in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares during the last quarter. LRI Investments LLC bought a new position in shares of eBay during the first quarter valued at about $29,000. Hobbs Group Advisors LLC bought a new position in shares of eBay during the second quarter valued at about $29,000. Finally, Gradient Investments LLC lifted its stake in eBay by 86.3% in the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after acquiring an additional 284 shares during the period. 87.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now owns 70,113 shares of the company’s stock, valued at $4,530,000.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,016 shares of company stock valued at $3,015,417. Insiders own 0.38% of the company’s stock.

eBay Stock Down 2.0 %

Shares of EBAY stock traded down $1.26 on Tuesday, reaching $61.17. 1,048,920 shares of the stock were exchanged, compared to its average volume of 5,420,667. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a twelve month low of $38.60 and a twelve month high of $67.80. The business’s 50 day moving average price is $63.31 and its 200 day moving average price is $57.27. The company has a market capitalization of $29.30 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.03 and a beta of 1.34.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.77%. eBay’s payout ratio is currently 27.14%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wolfe Research initiated coverage on shares of eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Jefferies Financial Group upped their target price on shares of eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Susquehanna raised their target price on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Truist Financial boosted their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their target price on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. One equities research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.87.

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.