Cerity Partners LLC Increases Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Cerity Partners LLC grew its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 30.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,569 shares of the e-commerce company's stock after buying an additional 20,899 shares during the quarter. Cerity Partners LLC's holdings in eBay were worth $5,897,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new position in eBay in the second quarter valued at approximately $26,000. Tortoise Investment Management LLC grew its stake in shares of 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 during the period. LRI Investments LLC purchased a new position in shares of eBay during the 1st quarter valued at approximately $29,000. Hobbs Group Advisors LLC acquired a new position in shares of eBay in the 2nd quarter valued at $29,000. Finally, Gradient Investments LLC lifted its stake 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 valued at $33,000 after purchasing an additional 284 shares during the period. Hedge funds and other institutional investors own 87.48% of the company's stock.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of eBay 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 completion of the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the company's stock in a transaction that occurred 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. This represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,016 shares of company stock worth $3,015,417. Insiders own 0.38% of the company's stock.

eBay Price Performance

Shares of EBAY stock opened at $64.31 on Thursday. 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 company has a market capitalization of $30.80 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. The firm's 50-day moving average is $63.59 and its two-hundred day moving average is $58.22. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80.

eBay Announces Dividend

The company also recently declared 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. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, November 29th. eBay's payout ratio is presently 27.14%.

Wall Street Analyst Weigh In

EBAY has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of eBay from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus raised their target price on eBay from $56.00 to $64.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Evercore ISI upped their price target on eBay from $47.00 to $53.00 and gave the stock an "in-line" rating in a report on Thursday, August 1st. Mizuho raised their price objective on eBay from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Finally, Piper Sandler upped their target price on eBay from $64.00 to $67.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $62.87.

eBay Company Profile

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.