Greenleaf Trust Acquires 9,759 Shares of eBay Inc. (NASDAQ:EBAY)

Greenleaf Trust raised its holdings in eBay Inc. (NASDAQ:EBAY) by 76.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,457 shares of the e-commerce company’s stock after acquiring an additional 9,759 shares during the period. Greenleaf Trust’s holdings in eBay were worth $1,462,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC boosted 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 valued at $557,000 after purchasing an additional 623 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of eBay during the first quarter valued at about $1,006,000. Atlantic Union Bankshares Corp boosted 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 valued at $1,881,000 after purchasing an additional 6,136 shares in the last quarter. AMF Tjanstepension AB boosted 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 valued at $9,208,000 after purchasing an additional 21,065 shares in the last quarter. Finally, Kathmere Capital Management LLC acquired a new stake in shares of eBay during the first quarter valued at about $436,000. 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 the stock in a transaction 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 sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is owned by insiders.

Analysts Set New Price Targets

EBAY has been the topic of a number of recent research reports. Wolfe Research initiated coverage on eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating on the stock. Wells Fargo & Company lifted their price objective on eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. Piper Sandler reiterated an “overweight” rating and issued a $64.00 target price (up from $58.00) on shares of eBay in a report on Thursday, August 1st. Evercore ISI upped their target price on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a report on Thursday, August 1st. Finally, Daiwa America upgraded eBay to a “hold” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.19.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $63.67 on Thursday. 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 twelve month low of $37.17 and a twelve month high of $67.80. The stock’s 50 day moving average is $62.40 and its 200-day moving average is $56.28. The firm has a market capitalization of $31.96 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.59 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued its 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. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. Sell-side analysts forecast that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

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

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.