10,554 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by ABLE Financial Group LLC

ABLE Financial Group LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,554 shares of the e-commerce company's stock, valued at approximately $687,000.

Several other hedge funds have also recently added to or reduced their stakes in EBAY. JB Capital LLC raised its position in shares of eBay by 3.0% during the third quarter. JB Capital LLC now owns 184,448 shares of the e-commerce company's stock worth $12,009,000 after purchasing an additional 5,374 shares during the period. Washington Trust Bank bought a new position in eBay in the 3rd quarter valued at about $222,000. Principal Financial Group Inc. boosted its position in shares of eBay by 1.7% in the third quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company's stock valued at $38,686,000 after acquiring an additional 9,990 shares during the period. Advisor Resource Council acquired a new stake in eBay during the third quarter worth approximately $416,000. Finally, Graypoint LLC bought a new position in eBay in the 3rd quarter valued at about $271,000. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Stock Performance

NASDAQ EBAY traded down $0.13 during trading on Friday, hitting $61.89. The company's stock had a trading volume of 3,260,305 shares, compared to its average volume of 5,449,973. The firm has a 50 day moving average price of $63.24 and a 200 day moving average price of $57.11. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $29.65 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.99 and a beta of 1.34. eBay Inc. has a 52 week low of $38.60 and a 52 week high of $67.80.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.75%. eBay's payout ratio is currently 27.14%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EBAY shares. Truist Financial boosted their target price on shares of eBay from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Tuesday. Stifel Nicolaus increased their price target on eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Morgan Stanley boosted their price target on shares of eBay from $65.00 to $71.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Mizuho upped their target price on eBay from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on eBay from $60.00 to $58.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $62.87.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was 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 directly owns 70,332 shares of the company's stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other eBay news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.91, for a total value 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 approximately $32,833,196.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,016 shares of company stock valued at $3,015,417. Corporate insiders own 0.38% of the company's stock.

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.