Toronto Dominion Bank Purchases 74,354 Shares of eBay Inc. (NASDAQ:EBAY)

Toronto Dominion Bank grew its position in eBay Inc. (NASDAQ:EBAY) by 38.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 267,899 shares of the e-commerce company’s stock after purchasing an additional 74,354 shares during the period. Toronto Dominion Bank’s holdings in eBay were worth $14,392,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EBAY. Vanguard Group Inc. lifted its stake in eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after acquiring an additional 4,524,934 shares during the period. Mirova US LLC boosted its stake in eBay by 2.1% during the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after purchasing an additional 189,505 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after purchasing an additional 838,969 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after buying an additional 530,941 shares in the last quarter. Finally, LSV Asset Management increased its position in eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after purchasing an additional 1,216,885 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of eBay from $38.00 to $46.00 and gave the stock a “sell” rating in a research report on Friday, August 2nd. Benchmark raised their price objective on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Daiwa America raised eBay to a “hold” rating in a report on Wednesday, August 14th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 price objective on shares of eBay in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.29.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated 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 directly owns 70,113 shares in the company, valued at $4,530,000.93. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’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 completion of the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

eBay Stock Performance

EBAY stock opened at $64.00 on Friday. The company has a 50 day moving average price of $58.36 and a 200 day moving average price of $54.43. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $65.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $32.13 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. Analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.69%. eBay’s dividend payout ratio is currently 21.51%.

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.