765 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 765 shares of the e-commerce company’s stock, valued at approximately $50,000.

A number of other institutional investors also recently bought and sold shares of EBAY. Vanguard Group Inc. increased its holdings 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 in the last quarter. Ameriprise Financial Inc. increased its stake in shares of eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. Mirova US LLC raised its position in shares of 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. lifted its stake in eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after buying an additional 838,969 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares during the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents 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. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $66.56, for a total value 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 trade represents 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 sold 41,391 shares of company stock worth $2,678,424. Corporate insiders own 0.38% of the company’s stock.

eBay Price Performance

EBAY opened at $64.16 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The company has a fifty day simple moving average of $62.09 and a 200 day simple moving average of $56.15. The firm has a market cap of $32.21 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 2.59 and a beta of 1.32. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $67.80.

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

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Susquehanna lifted their price objective on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. 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 target for the company. Morgan Stanley upped their price objective on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Wolfe Research initiated coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, The Goldman Sachs Group increased their price target on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $59.10.

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.