CreativeOne Wealth LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,780 shares of the e-commerce company's stock, valued at approximately $1,225,000.
Other institutional investors have also added to or reduced their stakes in the company. Pine Valley Investments Ltd Liability Co purchased a new stake in eBay during the third quarter valued at about $203,000. World Investment Advisors LLC bought a new stake in eBay in the 3rd quarter worth approximately $2,947,000. Arvest Bank Trust Division purchased a new stake in eBay in the third quarter worth approximately $9,716,000. Wilmington Savings Fund Society FSB bought a new position in eBay during the third quarter valued at approximately $241,000. Finally, Tidal Investments LLC lifted its holdings in shares of eBay by 7.5% in the 3rd quarter. Tidal Investments LLC now owns 67,209 shares of the e-commerce company's stock worth $4,376,000 after acquiring an additional 4,677 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.
Insider Activity
In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at approximately $4,413,725.60. This represents a 30.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the sale, the senior vice president now directly owns 94,392 shares of the company's stock, valued at $6,329,927.52. The trade was a 4.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,310 shares of company stock valued at $3,121,626. Corporate insiders own 0.38% of the company's stock.
eBay Trading Down 0.5 %
Shares of NASDAQ:EBAY traded down $0.33 on Monday, hitting $65.93. 805,988 shares of the company's stock were exchanged, compared to its average volume of 5,413,711. The business's 50 day simple moving average is $66.30 and its two-hundred day simple moving average is $64.96. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $30.72 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. eBay Inc. has a 12 month low of $48.52 and a 12 month high of $71.61.
eBay Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from eBay's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.76%. eBay's dividend payout ratio (DPR) is 29.07%.
Wall Street Analysts Forecast Growth
EBAY has been the subject of several recent research reports. Benchmark boosted their price target on shares of eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. BMO Capital Markets increased their target price on eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price target on eBay from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Barclays set a $72.00 target price on shares of eBay and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Susquehanna increased their price target on shares of eBay from $60.00 to $65.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $65.13.
Read Our Latest Report on EBAY
eBay Company Profile
(
Free Report)
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.
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