Oppenheimer & Co. Inc. Makes New $256,000 Investment in eBay Inc. (NASDAQ:EBAY)

Oppenheimer & Co. Inc. bought a new position in eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,926 shares of the e-commerce company’s stock, valued at approximately $256,000.

Several other institutional investors have also made changes to their positions in EBAY. Private Advisor Group LLC boosted its stake in eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after purchasing an additional 21,636 shares during the period. Cetera Investment Advisers boosted its position in shares of eBay by 325.4% in the first 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 period. PGGM Investments grew its holdings in shares of eBay by 88.0% during the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after buying an additional 28,604 shares in the last quarter. Assenagon Asset Management S.A. raised its position in eBay by 234.7% during the second quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company’s stock valued at $9,806,000 after buying an additional 127,991 shares during the period. Finally, Federated Hermes Inc. raised its position in eBay by 42.9% during the second quarter. Federated Hermes Inc. now owns 547,517 shares of the e-commerce company’s stock valued at $29,413,000 after buying an additional 164,282 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on EBAY. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Tuesday, November 5th. Daiwa America raised shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and set a $72.00 target price on shares of eBay in a research note on Thursday, October 31st. Finally, Mizuho upped their price target on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.87.

eBay Stock Up 3.0 %

eBay stock opened at $63.24 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The firm has a fifty day moving average price of $63.55 and a two-hundred day moving average price of $57.86. The firm has a market cap of $30.29 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.59 and a beta of 1.34.

eBay Dividend Announcement

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

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the sale, the chief executive officer now directly owns 559,291 shares of the company’s stock, valued at $36,963,542.19. This represents a 1.00 % decrease in their ownership of the stock. 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. 0.38% of the stock is owned by company insiders.

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.