Wright Investors Service Inc. Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Wright Investors Service Inc. purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,088 shares of the e-commerce company’s stock, valued at approximately $1,829,000.

Other large investors also recently made changes to their positions in the company. Quent Capital LLC raised its position in shares of eBay by 6.8% in the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after buying an additional 202 shares during the period. Checchi Capital Advisers LLC raised its position in shares of eBay by 3.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock worth $405,000 after buying an additional 219 shares during the period. Banco Santander S.A. raised its position in shares of eBay by 2.1% in the 1st quarter. Banco Santander S.A. now owns 11,530 shares of the e-commerce company’s stock worth $609,000 after buying an additional 236 shares during the period. Fidelis Capital Partners LLC raised its position in shares of eBay by 6.9% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,716 shares of the e-commerce company’s stock worth $205,000 after buying an additional 240 shares during the period. Finally, Tempus Wealth Planning LLC raised its position in shares of eBay by 3.1% in the 1st quarter. Tempus Wealth Planning LLC now owns 8,539 shares of the e-commerce company’s stock worth $451,000 after buying an additional 254 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on EBAY shares. Daiwa America raised eBay to a “hold” rating in a research report on Wednesday, August 14th. Morgan Stanley raised their price objective on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Bank of America raised their price objective on eBay from $57.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. StockNews.com raised eBay from a “hold” rating to a “buy” rating in a research report on Monday, September 30th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $57.67.

eBay Stock Up 1.4 %

NASDAQ:EBAY traded up $0.91 during mid-day trading on Friday, reaching $66.29. The stock had a trading volume of 3,065,960 shares, compared to its average volume of 5,556,295. The company has a market capitalization of $33.28 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 2.45 and a beta of 1.32. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $66.47. The stock’s 50 day simple moving average is $59.76 and its two-hundred day simple moving average is $54.99. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25.

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

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.27 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.63%. eBay’s payout ratio is currently 21.51%.

eBay 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.