44 Wealth Management LLC purchased a new stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,635 shares of the e-commerce company’s stock, valued at approximately $1,422,000.
Several other institutional investors and hedge funds have also bought and sold shares of EBAY. Financial Consulate Inc. purchased a new stake in eBay in the third quarter worth $27,000. Steigerwald Gordon & Koch Inc. bought a new stake in eBay during the third quarter worth about $28,000. Sumitomo Mitsui Financial Group Inc. grew 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 worth $30,000 after buying an additional 250 shares during the last quarter. Salomon & Ludwin LLC purchased a new stake in shares of eBay in the third quarter worth $32,000. Finally, Cloud Capital Management LLC purchased a new stake in eBay during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.
eBay Stock Performance
Shares of NASDAQ:EBAY opened at $91.34 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 firm’s 50 day simple moving average is $89.74 and its 200-day simple moving average is $88.48. The firm has a market cap of $40.92 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. eBay Inc. has a one year low of $58.71 and a one year high of $101.15.
eBay Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.31 per share. This is an increase from eBay’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, March 6th. eBay’s dividend payout ratio (DPR) is currently 28.51%.
Insider Buying and Selling
In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,009 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $79.87, for a total value of $80,588.83. Following the completion of the sale, the senior vice president directly owned 5,743 shares in the company, valued at $458,693.41. This trade represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Cornelius Boone sold 4,462 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $83.94, for a total value of $374,540.28. Following the transaction, the senior vice president owned 91,921 shares in the company, valued at approximately $7,715,848.74. This trade represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,697 shares of company stock worth $3,760,124 in the last three months. 0.64% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research firms have commented on EBAY. Wedbush lifted their target price on eBay from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of eBay in a report on Thursday, February 19th. Stifel Nicolaus lifted their price objective on eBay from $88.00 to $94.00 and gave the company a “hold” rating in a research report on Thursday, February 19th. Piper Sandler reaffirmed an “overweight” rating and issued a $105.00 target price (up from $98.00) on shares of eBay in a report on Thursday, February 19th. Finally, Bank of America upped their price target on eBay from $100.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Fourteen analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $97.97.
Check Out Our Latest Stock Report on EBAY
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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