Raymond James Trust N.A. Increases Stock Position in eBay Inc. (NASDAQ:EBAY)

Raymond James Trust N.A. increased its position in eBay Inc. (NASDAQ:EBAY) by 33.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,178 shares of the e-commerce company’s stock after buying an additional 2,775 shares during the period. Raymond James Trust N.A.’s holdings in eBay were worth $600,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the last quarter. M&G Plc purchased a new stake in eBay during the first quarter valued at approximately $97,557,000. Swedbank AB purchased a new stake in eBay during the 1st quarter valued at $73,777,000. Norges Bank bought a new stake in eBay in the fourth quarter worth $53,019,000. Finally, Dimensional Fund Advisors LP increased its position in eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after acquiring an additional 1,141,288 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In other news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The disclosure for this sale can be found here. Insiders sold 10,488 shares of company stock worth $565,910 in the last 90 days. Insiders own 0.38% of the company’s stock.

eBay Stock Up 0.2 %

NASDAQ:EBAY opened at $59.00 on Tuesday. The company’s 50 day moving average is $54.80 and its two-hundred day moving average is $51.98. The company has a market cap of $29.62 billion, a PE ratio of 11.75, a P/E/G ratio of 2.58 and a beta of 1.31. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $59.47. The company has a current ratio of 1.25, a quick ratio of 1.99 and a debt-to-equity ratio of 1.12.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, August 30th. eBay’s payout ratio is 21.51%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on EBAY shares. Morgan Stanley upped their price target on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Susquehanna upped their price objective on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Wolfe Research started coverage on shares of eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. started coverage on shares of eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price objective for the company. Finally, Bank of America raised their target price on shares of eBay from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $56.65.

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.