Crossmark Global Holdings Inc. increased its stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 177.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,047 shares of the e-commerce company’s stock after purchasing an additional 53,067 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in eBay were worth $7,553,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Financial Consulate Inc. acquired a new position in eBay during the 3rd quarter worth $27,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of eBay in the 3rd quarter valued at $28,000. Sumitomo Mitsui Financial Group Inc. increased its stake in shares of eBay by 155.3% in the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 411 shares of the e-commerce company’s stock valued at $30,000 after buying an additional 250 shares during the period. Salomon & Ludwin LLC bought a new stake in shares of eBay during the third quarter worth $32,000. Finally, Hantz Financial Services Inc. raised its position in shares of eBay by 153.4% during the second quarter. Hantz Financial Services Inc. now owns 451 shares of the e-commerce company’s stock worth $34,000 after acquiring an additional 273 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Price Performance
Shares of EBAY opened at $92.71 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50 day simple moving average of $89.33 and a 200 day simple moving average of $88.80. eBay Inc. has a 52-week low of $58.71 and a 52-week high of $101.15. The firm has a market capitalization of $41.53 billion, a PE ratio of 21.31, a P/E/G ratio of 1.94 and a beta of 1.38.
eBay Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, March 6th. This is a positive change from eBay’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.3%. eBay’s dividend payout ratio (DPR) is 26.67%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on EBAY shares. Wells Fargo & Company raised their price target on eBay from $98.00 to $101.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Evercore boosted their price objective on eBay from $93.00 to $94.00 in a report on Thursday, February 19th. The Goldman Sachs Group upgraded shares of eBay from a “sell” rating to a “neutral” rating and set a $88.00 target price on the stock in a research report on Thursday, February 19th. Daiwa Securities Group raised their target price on shares of eBay from $84.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Finally, Rothschild & Co Redburn lifted their price target on shares of eBay from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Fourteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $97.97.
Check Out Our Latest Report on EBAY
Insider Activity at eBay
In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,009 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $79.87, for a total transaction of $80,588.83. Following the completion of the transaction, the senior vice president owned 5,743 shares in the company, valued at approximately $458,693.41. This represents a 14.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie A. Loeger sold 2,896 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $82.44, for a total value of $238,746.24. Following the transaction, the senior vice president owned 55,990 shares of the company’s stock, valued at approximately $4,615,815.60. This trade represents a 4.92% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 44,593 shares of company stock valued at $3,998,870. Insiders own 0.64% of the company’s stock.
eBay Company Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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