Creative Planning Purchases 3,401 Shares of eBay Inc. (NASDAQ:EBAY)

Creative Planning boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,816 shares of the e-commerce company’s stock after purchasing an additional 3,401 shares during the period. Creative Planning’s holdings in eBay were worth $4,285,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EBAY. Van ECK Associates Corp boosted its stake in shares of eBay by 25.0% during the 1st quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock worth $4,523,000 after buying an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC boosted its stake in shares of eBay by 42.3% during the 1st quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock worth $3,042,000 after buying an additional 17,140 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of eBay by 325.4% during the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after buying an additional 60,544 shares during the last quarter. PGGM Investments boosted its stake in shares of eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after buying an additional 28,604 shares during the last quarter. Finally, Freestone Capital Holdings LLC boosted its stake in shares of eBay by 435.2% during the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after buying an additional 29,624 shares during the last quarter. Institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. 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 through this link. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. 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 through this link. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. 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 ninety days, insiders have sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is currently owned by company insiders.

eBay Stock Down 0.1 %

Shares of EBAY opened at $63.59 on Friday. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $67.80. The firm’s 50 day moving average is $62.40 and its 200-day moving average is $56.28. The stock has a market capitalization of $31.92 billion, a PE ratio of 12.67, a P/E/G ratio of 2.59 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last announced its 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 net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Equities research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. Susquehanna increased their price objective on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Jefferies Financial Group raised their target price on shares of eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday. Wolfe Research began coverage on shares of eBay in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, Truist Financial raised their target price on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $61.38.

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.