Sanctuary Advisors LLC Purchases 21,940 Shares of eBay Inc. (NASDAQ:EBAY)

Sanctuary Advisors LLC raised its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 72.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,310 shares of the e-commerce company's stock after buying an additional 21,940 shares during the period. Sanctuary Advisors LLC's holdings in eBay were worth $3,308,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of EBAY. Tortoise Investment Management LLC raised its position in eBay by 894.2% in 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. Hobbs Group Advisors LLC purchased a new stake in shares of eBay during the 2nd quarter worth approximately $29,000. Quarry LP bought a new stake in shares of eBay in the 3rd quarter worth approximately $36,000. USA Financial Formulas purchased a new position in eBay in the third quarter valued at approximately $38,000. Finally, Northwest Investment Counselors LLC bought a new position in eBay during the third quarter valued at $50,000. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

NASDAQ:EBAY traded up $0.59 during midday trading on Tuesday, hitting $64.23. The company had a trading volume of 4,488,442 shares, compared to its average volume of 5,292,553. The stock's fifty day moving average price is $63.31 and its 200-day moving average price is $59.27. eBay Inc. has a 52-week low of $40.16 and a 52-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 company has a market capitalization of $30.77 billion, a PE ratio of 15.99, a P/E/G ratio of 2.20 and a beta of 1.35.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. eBay's dividend payout ratio (DPR) is presently 27.14%.

Insider Activity

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $66.56, for a total value of $374,400.00. Following the completion of the sale, the chief executive officer now owns 553,666 shares of the company's stock, valued at $36,852,008.96. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,667 shares of company stock worth $1,516,463. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EBAY has been the topic of several research reports. Wells Fargo & Company lowered their target price on eBay from $63.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Friday, November 1st. Barclays dropped their price objective on shares of eBay from $65.00 to $64.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. The Goldman Sachs Group lifted their target price on shares of eBay from $46.00 to $55.00 and gave the stock a "sell" rating in a research note on Tuesday, October 15th. Piper Sandler upped their price target on shares of eBay from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Finally, Mizuho lifted their price objective on shares of eBay from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $62.63.

eBay 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.