Brooklyn Investment Group Buys New Position in eBay Inc. (NASDAQ:EBAY)

Brooklyn Investment Group bought a new position in eBay Inc. (NASDAQ:EBAY) during the third quarter, Holdings Channel.com reports. The fund bought 1,679 shares of the e-commerce company’s stock, valued at approximately $109,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of eBay in the second quarter worth $26,000. Tortoise Investment Management LLC boosted its position in 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 acquiring an additional 465 shares during the period. Hobbs Group Advisors LLC purchased a new position in eBay during the 2nd quarter valued at about $29,000. LRI Investments LLC purchased a new stake in shares of eBay in the first quarter worth approximately $29,000. Finally, USA Financial Formulas purchased a new stake in shares of eBay in the third quarter worth approximately $38,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $64.31 on Thursday. The business’s 50 day moving average is $63.59 and its 200-day moving average is $58.22. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $30.80 billion, a PE ratio of 16.16, a PEG ratio of 1.70 and a beta of 1.34. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80.

eBay Announces Dividend

The firm also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is 27.14%.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $66.56, for a total transaction of $374,400.00. Following the transaction, the chief executive officer now directly owns 553,666 shares of the company’s stock, valued at $36,852,008.96. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock worth $3,015,417 over the last quarter. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Susquehanna boosted their price target on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Robert W. Baird dropped their price objective on eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. TD Cowen raised their price objective on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Finally, Piper Sandler raised their price target on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, eBay has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Company Profile

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.