PDS Planning Inc Acquires Shares of 3,470 eBay Inc. (NASDAQ:EBAY)

PDS Planning Inc bought a new position in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,470 shares of the e-commerce company’s stock, valued at approximately $226,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of eBay by 17.6% during the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after buying an additional 3,880,649 shares during the last quarter. M&G Plc acquired a new position in eBay in the 1st quarter valued at about $97,557,000. Swedbank AB purchased a new stake in eBay during the 1st quarter valued at approximately $73,777,000. Finally, Altshuler Shaham Ltd acquired a new stake in eBay during the 2nd quarter worth approximately $71,593,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s 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 sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EBAY. Morgan Stanley upped their price target on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Robert W. Baird reduced their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Benchmark reiterated a “buy” rating and set a $65.00 price target on shares of eBay in a research note on Tuesday, October 29th. Truist Financial raised their price objective on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $62.87.

eBay Price Performance

EBAY stock opened at $61.51 on Wednesday. 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’s 50 day moving average price is $63.05 and its 200 day moving average price is $56.97. The firm has a market cap of $29.46 billion, a P/E ratio of 15.45, a PEG ratio of 1.90 and a beta of 1.34. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $67.80.

eBay Announces Dividend

The business 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio is presently 27.14%.

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.