B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of eBay Inc. (NASDAQ:EBAY - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 81,556 shares of the e-commerce company's stock, valued at approximately $5,310,000.
Other large investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of eBay during the 2nd quarter valued at $26,000. Tortoise Investment Management LLC grew its position in eBay by 894.2% in 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 during the period. LRI Investments LLC purchased a new position in shares of eBay during the 1st quarter worth $29,000. Hobbs Group Advisors LLC purchased a new position in shares of eBay during the 2nd quarter valued at $29,000. Finally, Gradient Investments LLC increased its holdings in shares of eBay by 86.3% in the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company's stock worth $33,000 after buying an additional 284 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at eBay
In other eBay news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on 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 in the company, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the business'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 sale, 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. In the last quarter, insiders have sold 47,016 shares of company stock worth $3,015,417. Company insiders own 0.38% of the company's stock.
Analyst Ratings Changes
A number of brokerages have issued reports on EBAY. Needham & Company LLC restated a "buy" rating and set a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. Sanford C. Bernstein raised shares of eBay from a "market perform" rating to an "outperform" rating and set a $70.00 target price on the stock in a report on Tuesday, November 5th. Citigroup boosted their price objective on shares of eBay from $65.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Cantor Fitzgerald reiterated a "neutral" rating and set a $62.00 price objective on shares of eBay in a report on Monday, October 7th. Finally, Truist Financial increased their target price on eBay from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, eBay currently has an average rating of "Hold" and a consensus price target of $62.87.
View Our Latest Stock Report on eBay
eBay Stock Performance
EBAY traded down $0.28 during trading on Wednesday, reaching $60.82. 3,980,983 shares of the company's stock were exchanged, compared to its average volume of 5,395,851. eBay Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $67.80. 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 business has a 50 day moving average price of $63.59 and a 200 day moving average price of $57.74. The company has a market capitalization of $29.13 billion, a P/E ratio of 15.28, a PEG ratio of 1.60 and a beta of 1.34.
eBay Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, November 29th. eBay's payout ratio is presently 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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