Trust Co. of Vermont bought a new position in shares of eBay Inc. (NASDAQ:EBAY – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,514 shares of the e-commerce company’s stock, valued at approximately $1,734,000.
Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP increased its position in eBay by 62.6% during the fourth quarter. Allworth Financial LP now owns 23,108 shares of the e-commerce company’s stock worth $2,013,000 after acquiring an additional 8,899 shares during the period. North Dakota State Investment Board acquired a new position in eBay during the 4th quarter valued at $1,809,000. Eurizon Capital SGR S.p.A. bought a new stake in eBay in the 4th quarter valued at $9,368,000. Jefferies Financial Group Inc. bought a new stake in eBay in the 4th quarter valued at $1,209,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its holdings in eBay by 904.3% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 283,215 shares of the e-commerce company’s stock valued at $24,668,000 after purchasing an additional 255,015 shares during the period. 87.48% of the stock is currently owned by institutional investors.
eBay Stock Up 1.3%
EBAY opened at $102.27 on Wednesday. The company has a market capitalization of $45.51 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.49 and a beta of 1.37. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s fifty day moving average price is $110.39 and its two-hundred day moving average price is $102.15. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31.
eBay Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay’s dividend payout ratio is 25.67%.
Wall Street Analysts Forecast Growth
EBAY has been the topic of several research reports. Truist Financial boosted their price objective on shares of eBay from $105.00 to $115.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Piper Sandler reiterated an “overweight” rating and issued a $133.00 target price (up from $115.00) on shares of eBay in a research note on Thursday, August 6th. Benchmark lifted their target price on eBay from $115.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Stifel Nicolaus set a $98.00 target price on eBay in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on eBay from $87.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $117.09.
View Our Latest Stock Report on eBay
Insider Buying and Selling
In other eBay news, CEO Jamie Iannone sold 11,110 shares of eBay stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $109.59, for a total transaction of $1,217,544.90. Following the sale, the chief executive officer directly owned 280,204 shares of the company’s stock, valued at approximately $30,707,556.36. The trade was a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total value of $5,852,000.00. Following the completion of the sale, the senior vice president owned 29,217 shares in the company, valued at approximately $3,419,557.68. This represents a 63.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 86,112 shares of company stock valued at $9,837,076 over the last quarter. Corporate insiders own 0.67% of the company’s stock.
eBay 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.
Read More
- Five stocks we like better than eBay
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.
