TD Private Client Wealth LLC Acquires 538 Shares of eBay Inc. (NASDAQ:EBAY)

TD Private Client Wealth LLC raised its holdings in eBay Inc. (NASDAQ:EBAY) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,462 shares of the e-commerce company’s stock after purchasing an additional 538 shares during the quarter. TD Private Client Wealth LLC’s holdings in eBay were worth $356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tortoise Investment Management LLC raised its holdings in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in shares of eBay in the second quarter worth about $29,000. Quarry LP acquired a new position in shares of eBay during the third quarter worth approximately $36,000. USA Financial Formulas acquired a new position in shares of eBay during the third quarter worth approximately $38,000. Finally, Gradient Investments LLC increased its holdings in shares of eBay by 86.3% in the second quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Price Performance

NASDAQ EBAY opened at $63.84 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $30.58 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.20 and a beta of 1.35. The business has a 50 day simple moving average of $63.37 and a 200 day simple moving average of $59.14. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio is 27.14%.

Insider Buying and Selling

In related 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 sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the transaction, the chief executive officer now directly owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,641 shares of company stock worth $3,370,974 over the last ninety days. Company insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EBAY. Piper Sandler upped their price objective on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. TD Cowen raised their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a report on Friday, October 25th. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Morgan Stanley increased their price objective on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus target price of $62.63.

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.