Greenfield Savings Bank Buys Shares of 4,380 eBay Inc. (NASDAQ:EBAY)

Greenfield Savings Bank purchased a new position in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,380 shares of the e-commerce company’s stock, valued at approximately $271,000.

Other hedge funds have also recently made changes to their positions in the company. Miracle Mile Advisors LLC grew its position in shares of eBay by 21.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 26,998 shares of the e-commerce company’s stock worth $1,673,000 after purchasing an additional 4,684 shares in the last quarter. Northstar Advisory Group LLC grew its holdings in eBay by 70.0% during the 4th quarter. Northstar Advisory Group LLC now owns 20,698 shares of the e-commerce company’s stock valued at $1,282,000 after buying an additional 8,523 shares in the last quarter. Eastern Bank raised its position in shares of eBay by 424.3% during the fourth quarter. Eastern Bank now owns 1,295 shares of the e-commerce company’s stock valued at $80,000 after buying an additional 1,048 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of eBay by 3.8% in the fourth quarter. Wedmont Private Capital now owns 8,605 shares of the e-commerce company’s stock worth $567,000 after buying an additional 313 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its position in shares of eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock worth $262,000 after acquiring an additional 167 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the transaction, the senior vice president now owns 71,469 shares in the company, valued at $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 is available at the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,283 shares of company stock worth $1,715,462 over the last quarter. Insiders own 0.38% of the company’s stock.

eBay Stock Performance

EBAY opened at $65.72 on Tuesday. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $71.52. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $31.48 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 2.22 and a beta of 1.35. The firm’s 50-day moving average price is $63.34 and its 200-day moving average price is $60.75.

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 issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.64%. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EBAY. Truist Financial lifted their target price on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley increased their target price on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday. Benchmark reissued a “buy” rating and issued a $65.00 target price on shares of eBay in a report on Tuesday, October 29th. Wells Fargo & Company decreased their price target on shares of eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Finally, The Goldman Sachs Group increased their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.96.

About eBay

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.