Toronto Dominion Bank cut its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 19.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,482 shares of the e-commerce company's stock after selling 51,417 shares during the period. Toronto Dominion Bank's holdings in eBay were worth $14,095,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of EBAY. Tortoise Investment Management LLC increased its stake in 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 buying an additional 465 shares during the period. Hobbs Group Advisors LLC purchased a new stake in shares of eBay during the second quarter worth $29,000. Gradient Investments LLC increased its position 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 worth $33,000 after acquiring an additional 284 shares during the period. Quarry LP acquired a new stake in shares of eBay in the third quarter valued at $36,000. Finally, USA Financial Formulas purchased a new position in eBay in the third quarter valued at $38,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several brokerages have weighed in on EBAY. UBS Group cut their price target on eBay from $72.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, October 31st. Wedbush assumed coverage on shares of eBay in a research note on Monday, December 9th. They set a "neutral" rating and a $70.00 target price on the stock. Sanford C. Bernstein upgraded shares of eBay from a "market perform" rating to an "outperform" rating and set a $70.00 price target for the company in a research note on Tuesday, November 5th. Needham & Company LLC reissued a "buy" rating and issued a $72.00 price objective on shares of eBay in a research report on Thursday, October 31st. Finally, Barclays decreased their price objective on shares of eBay from $65.00 to $64.00 and set an "overweight" rating for the company in a research 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 assigned a buy rating to the company's stock. According to MarketBeat, eBay has an average rating of "Hold" and a consensus price target of $62.63.
Check Out Our Latest Research Report on EBAY
eBay Stock Performance
Shares of NASDAQ EBAY traded down $0.06 during midday trading on Friday, reaching $63.84. 4,278,640 shares of the company were exchanged, compared to its average volume of 5,299,535. The stock has a market cap of $30.58 billion, a P/E ratio of 16.04, a PEG ratio of 2.20 and a beta of 1.35. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $67.80. The stock has a fifty day simple moving average of $63.37 and a 200 day simple moving average of $59.14. 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 business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Friday, November 29th. eBay's payout ratio is currently 27.14%.
Insider Transactions at eBay
In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Cornelius Boone sold 3,974 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares of the company's stock, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,641 shares of company stock worth $3,370,974 over the last 90 days. 0.38% of the stock is currently owned by insiders.
eBay Profile
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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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