Maverick Capital Ltd. Boosts Holdings in eBay Inc. (NASDAQ:EBAY)

Maverick Capital Ltd. boosted its position in eBay Inc. (NASDAQ:EBAY) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,513 shares of the e-commerce company’s stock after buying an additional 1,330 shares during the period. Maverick Capital Ltd.’s holdings in eBay were worth $3,094,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in eBay in the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC increased its position in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares in the last quarter. LRI Investments LLC acquired a new stake in eBay during the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC acquired a new stake in eBay during the 2nd quarter worth approximately $29,000. Finally, Gradient Investments LLC increased its position in eBay by 86.3% during the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after purchasing an additional 284 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Price Performance

Shares of EBAY opened at $63.29 on Friday. The firm has a market capitalization of $30.32 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.69 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. The stock’s fifty day moving average is $63.63 and its 200-day moving average is $58.34.

eBay Announces Dividend

The company 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 dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.71%. eBay’s dividend payout ratio is currently 27.14%.

Insider Activity at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This trade represents a 1.02 % 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, 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 transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 26.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock valued at $3,015,417 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on EBAY shares. UBS Group dropped their target price on shares of eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their price target on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. Barclays decreased their price target on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price target on shares of eBay in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. decreased their price target on eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price 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.