eBay Inc. (NASDAQ:EBAY) Stock Holdings Boosted by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 38.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,899 shares of the e-commerce company’s stock after buying an additional 74,354 shares during the period. Toronto Dominion Bank owned 0.05% of eBay worth $14,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the 2nd quarter valued at $26,000. Tortoise Investment Management LLC raised its position in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the period. Hobbs Group Advisors LLC purchased a new stake in eBay in the 2nd quarter worth about $29,000. Washington Trust Advisors Inc. acquired a new stake in eBay during the 1st quarter worth about $30,000. Finally, LRI Investments LLC purchased a new position in eBay during the 1st quarter valued at about $29,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on 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 directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value 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 approximately $4,494,918.12. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

eBay Stock Performance

Shares of eBay stock opened at $64.00 on Friday. The company has a market cap of $32.13 billion, a P/E ratio of 12.75, a PEG ratio of 2.45 and a beta of 1.32. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $65.44. The business has a 50-day moving average price of $58.36 and a two-hundred day moving average price of $54.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, analysts anticipate that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.27 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.69%. eBay’s dividend payout ratio is currently 21.51%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EBAY. Benchmark upped their target price on eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Bank of America boosted their target price on shares of eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday. Evercore ISI lifted their price objective 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. Wolfe Research began coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 price target on shares of eBay in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $57.29.

About eBay

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.