eBay Inc. (NASDAQ:EBAY) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its position in eBay Inc. (NASDAQ:EBAY) by 372.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,053 shares of the e-commerce company’s stock after acquiring an additional 3,984 shares during the quarter. Blue Trust Inc.’s holdings in eBay were worth $329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EBAY. Park Avenue Securities LLC lifted its stake in shares of eBay by 6.3% during the first quarter. Park Avenue Securities LLC now owns 10,557 shares of the e-commerce company’s stock worth $557,000 after buying an additional 623 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of eBay during the first quarter worth $1,006,000. Atlantic Union Bankshares Corp lifted its stake in shares of eBay by 20.8% during the first quarter. Atlantic Union Bankshares Corp now owns 35,639 shares of the e-commerce company’s stock worth $1,881,000 after buying an additional 6,136 shares during the period. AMF Tjanstepension AB lifted its stake in shares of eBay by 13.7% during the first quarter. AMF Tjanstepension AB now owns 174,317 shares of the e-commerce company’s stock worth $9,208,000 after buying an additional 21,065 shares during the period. Finally, Kathmere Capital Management LLC acquired a new stake in shares of eBay during the first quarter worth $436,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Up 0.6 %

EBAY stock opened at $63.67 on Thursday. The stock has a market capitalization of $31.96 billion, a P/E ratio of 12.68, a P/E/G ratio of 2.59 and a beta of 1.32. The firm has a 50-day simple moving average of $62.40 and a 200-day simple moving average of $56.28. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $67.80.

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

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. eBay’s payout ratio is presently 21.51%.

Analyst Ratings Changes

Several research firms have recently commented on EBAY. Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. Susquehanna raised their target price on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Robert W. Baird raised their target price on shares of eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. Benchmark raised their target price on shares of eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Truist Financial raised their target price on shares of eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.19.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is owned by insiders.

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.