Prospera Financial Services Inc increased its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 794.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,616 shares of the e-commerce company's stock after acquiring an additional 62,719 shares during the quarter. Prospera Financial Services Inc's holdings in eBay were worth $4,598,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the second quarter worth about $26,000. Tortoise Investment Management LLC raised its stake in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company's stock worth $28,000 after acquiring an additional 465 shares during the period. LRI Investments LLC acquired a new stake in shares of eBay in the first quarter valued at approximately $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of eBay in the second quarter valued at approximately $29,000. Finally, Gradient Investments LLC increased its stake in shares of eBay by 86.3% in 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. Institutional investors and hedge funds own 87.48% of the company's stock.
eBay Price Performance
NASDAQ:EBAY traded down $0.28 on Wednesday, reaching $60.82. The stock had a trading volume of 3,980,983 shares, compared to its average volume of 5,395,851. The company has a market capitalization of $29.13 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. eBay Inc. has a 1-year low of $38.97 and a 1-year 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 stock has a fifty day moving average price of $63.59 and a 200-day moving average price of $57.72.
eBay Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, November 29th. eBay's dividend payout ratio is presently 27.14%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on EBAY. Evercore ISI raised their price target on shares of eBay from $47.00 to $53.00 and gave the company an "in-line" rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. lowered their price objective on shares of eBay from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. TD Cowen raised their target price on shares of eBay from $45.00 to $54.00 and gave the stock a "hold" rating in a report on Friday, October 25th. The Goldman Sachs Group increased their target price on shares of eBay from $46.00 to $55.00 and gave the stock a "sell" rating in a research report on Tuesday, October 15th. Finally, Cantor Fitzgerald restated a "neutral" rating and set a $62.00 price target on shares of eBay in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, eBay currently has a consensus rating of "Hold" and a consensus target price of $62.87.
Check Out Our Latest Report on eBay
Insiders Place Their Bets
In related news, CFO Stephen J. Priest sold 25,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 70,332 shares of the company's stock, valued at $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares of the company's stock, valued at approximately $32,833,196.22. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,016 shares of company stock valued at $3,015,417. Insiders own 0.38% of the company's stock.
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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