Eagle Asset Management Inc. Buys 3,498 Shares of eBay Inc. (NASDAQ:EBAY)

Eagle Asset Management Inc. grew its stake in eBay Inc. (NASDAQ:EBAY) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,641 shares of the e-commerce company’s stock after buying an additional 3,498 shares during the quarter. Eagle Asset Management Inc.’s holdings in eBay were worth $6,538,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Gamco Investors INC. ET AL raised its position in shares of eBay by 2.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 20,190 shares of the e-commerce company’s stock valued at $1,066,000 after purchasing an additional 400 shares during the period. LRI Investments LLC purchased a new position in shares of eBay in the first quarter valued at about $29,000. Price T Rowe Associates Inc. MD boosted its stake in shares of eBay by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock worth $37,887,000 after acquiring an additional 20,712 shares during the period. SVB Wealth LLC grew its position in shares of eBay by 27.1% during the first quarter. SVB Wealth LLC now owns 21,463 shares of the e-commerce company’s stock worth $1,133,000 after purchasing an additional 4,581 shares in the last quarter. Finally, Ascent Group LLC purchased a new stake in shares of eBay during the first quarter worth about $351,000. Institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction dated 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 26.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction 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 directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock worth $3,015,417 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Performance

EBAY opened at $63.24 on Monday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The firm has a 50 day moving average of $63.55 and a two-hundred day moving average of $57.97. The firm has a market capitalization of $30.29 billion, a PE ratio of 15.89, a P/E/G ratio of 1.60 and a beta of 1.34.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Truist Financial lifted their price target on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Barclays dropped their price objective on shares of eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Evercore ISI lifted their target price on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. Finally, Piper Sandler increased their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $62.87.

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.