Harvest Fund Management Co. Ltd Has $339,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

Harvest Fund Management Co. Ltd raised its position in shares of eBay Inc. (NASDAQ:EBAY) by 1,239.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,212 shares of the e-commerce company’s stock after purchasing an additional 4,823 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in eBay were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the second quarter worth approximately $26,000. Tortoise Investment Management LLC boosted its holdings in shares of 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 in the last quarter. LRI Investments LLC acquired a new stake in shares of eBay during the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC acquired a new stake in eBay in the second quarter worth $29,000. Finally, Gradient Investments LLC grew its stake in shares of eBay by 86.3% in the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Up 0.2 %

eBay stock opened at $65.09 on Wednesday. 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 $31.18 billion, a P/E ratio of 16.35, a P/E/G ratio of 1.66 and a beta of 1.34. eBay Inc. has a twelve month low of $40.16 and a twelve month high of $67.80. The firm has a 50 day moving average price of $63.57 and a 200-day moving average price of $58.18.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.66%. eBay’s payout ratio is 27.14%.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent research reports. Morgan Stanley increased their price target on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Susquehanna lifted their price target on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus boosted their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price objective on shares of eBay in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average price target of $62.87.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. The trade was a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction on Tuesday, September 17th. The stock was 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 approximately $4,530,000.93. This represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,016 shares of company stock worth $3,015,417 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

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.