eBay Inc. (NASDAQ:EBAY) Shares Acquired by Fortem Financial Group LLC

Fortem Financial Group LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 4.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,058 shares of the e-commerce company’s stock after buying an additional 483 shares during the quarter. Fortem Financial Group LLC’s holdings in eBay were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Foundations Investment Advisors LLC purchased a new stake in shares of eBay in the second quarter valued at about $236,000. TD Asset Management Inc increased its position in eBay by 1.4% during the 2nd quarter. TD Asset Management Inc now owns 555,710 shares of the e-commerce company’s stock worth $29,853,000 after purchasing an additional 7,912 shares during the period. National Bank of Canada FI raised its stake in shares of eBay by 20.3% during the 2nd quarter. National Bank of Canada FI now owns 151,043 shares of the e-commerce company’s stock worth $7,956,000 after buying an additional 25,480 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of eBay by 14.3% in the 2nd quarter. Private Advisor Group LLC now owns 23,864 shares of the e-commerce company’s stock valued at $1,282,000 after buying an additional 2,978 shares during the period. Finally, Candriam S.C.A. grew its holdings in eBay by 35.3% during the second quarter. Candriam S.C.A. now owns 348,328 shares of the e-commerce company’s stock worth $18,711,000 after acquiring an additional 90,836 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EBAY. Barclays reduced their target price on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus upped their target price on shares of eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. 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 research report on Tuesday, November 5th. TD Cowen upped their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Morgan Stanley lifted their price objective on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $62.92.

eBay Trading Up 2.0 %

eBay stock traded up $1.25 during trading on Monday, reaching $62.86. The company had a trading volume of 4,064,714 shares, compared to its average volume of 3,677,120. 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 firm has a market capitalization of $30.11 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 2.20 and a beta of 1.35. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The stock’s 50 day moving average price is $62.70 and its two-hundred day moving average price is $60.23.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Friday, November 29th. eBay’s payout ratio is currently 27.14%.

Insider Buying and Selling at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares in the company, valued at approximately $4,659,778.80. This trade represents a 5.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Stephen J. Priest sold 1,167 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,658 shares of company stock valued at $1,364,575. Company insiders own 0.38% of the company’s stock.

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.