Arvest Bank Trust Division purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 149,217 shares of the e-commerce company's stock, valued at approximately $9,716,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Tortoise Investment Management LLC boosted its holdings in 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 acquiring an additional 465 shares during the period. Hobbs Group Advisors LLC purchased a new stake in shares of eBay during the second quarter valued at approximately $29,000. Gradient Investments LLC boosted its stake in shares of eBay by 86.3% during the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company's stock valued at $33,000 after purchasing an additional 284 shares during the period. Quarry LP bought a new position in shares of eBay in the third quarter worth approximately $36,000. Finally, USA Financial Formulas purchased a new position in shares of eBay in the third quarter worth $38,000. 87.48% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on EBAY. Sanford C. Bernstein raised shares of eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price target on the stock in a report on Tuesday, November 5th. Bank of America cut their target price on eBay from $67.00 to $64.00 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. Mizuho increased their price objective on eBay from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Needham & Company LLC reiterated a "buy" rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Finally, Piper Sandler upped their target price on eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $62.63.
View Our Latest Stock Analysis on eBay
Insider Activity at eBay
In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated 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. This trade represents a 1.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the company's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,641 shares of company stock valued at $3,370,974. 0.38% of the stock is owned by insiders.
eBay Stock Up 1.2 %
eBay stock traded up $0.73 during mid-day trading on Thursday, hitting $63.90. The company had a trading volume of 3,770,705 shares, compared to its average volume of 5,303,787. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. The company has a market capitalization of $30.61 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35. The stock's 50 day moving average price is $63.45 and its two-hundred day moving average price is $59.00. 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 Dividend Announcement
The company also recently declared 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Friday, November 29th. eBay's payout ratio is 27.14%.
About eBay
(
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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