Advisor Resource Council Takes Position in eBay Inc. (NASDAQ:EBAY)

Advisor Resource Council acquired a new position in shares of eBay Inc. (NASDAQ:EBAY) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 6,391 shares of the e-commerce company’s stock, valued at approximately $416,000.

Several other large investors have also recently bought and sold shares of EBAY. Private Advisor Group LLC grew its holdings in shares of 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 acquiring an additional 21,636 shares during the period. Cetera Investment Advisers increased 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 valued at $4,178,000 after buying an additional 60,544 shares in the last quarter. PGGM Investments raised its stake in shares of eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after buying an additional 28,604 shares during the last quarter. Freestone Capital Holdings LLC boosted its position in shares of eBay by 435.2% in the 1st quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after buying an additional 29,624 shares in the last quarter. Finally, Forsta AP Fonden grew its stake in eBay by 20.7% in the 1st quarter. Forsta AP Fonden now owns 129,900 shares of the e-commerce company’s stock valued at $6,856,000 after acquiring an additional 22,300 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

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 completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other eBay 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 value of $1,597,750.00. Following the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,016 shares of company stock valued at $3,015,417. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of eBay from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. TD Cowen boosted their price objective on shares of eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Truist Financial boosted their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday. Piper Sandler raised 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. Finally, Barclays dropped their target price on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $62.87.

eBay Stock Up 1.5 %

NASDAQ EBAY opened at $62.02 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $67.80. The business has a 50 day moving average price of $63.12 and a two-hundred day moving average price of $57.00. The stock has a market cap of $29.71 billion, a PE ratio of 15.58, a P/E/G ratio of 1.99 and a beta of 1.34.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.74%. eBay’s dividend payout ratio (DPR) 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.