Toronto Dominion Bank Sells 192,070 Shares of eBay Inc. (NASDAQ:EBAY)

Toronto Dominion Bank lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 49.8% during the first quarter, Holdings Channel.com reports. The firm owned 193,545 shares of the e-commerce company’s stock after selling 192,070 shares during the quarter. Toronto Dominion Bank’s holdings in eBay were worth $10,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Rodgers Brothers Inc. increased its stake in shares of eBay by 380.3% during the first quarter. Rodgers Brothers Inc. now owns 30,185 shares of the e-commerce company’s stock worth $1,593,000 after purchasing an additional 23,900 shares during the period. Heron Bay Capital Management increased its stake in shares of eBay by 70.7% during the first quarter. Heron Bay Capital Management now owns 104,661 shares of the e-commerce company’s stock worth $5,524,000 after purchasing an additional 43,342 shares during the period. Freestone Capital Holdings LLC increased its stake in shares of eBay by 435.2% during the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock worth $1,923,000 after purchasing an additional 29,624 shares during the period. Shell Asset Management Co. increased its stake in shares of eBay by 25.0% during the first quarter. Shell Asset Management Co. now owns 31,789 shares of the e-commerce company’s stock worth $1,678,000 after purchasing an additional 6,351 shares during the period. Finally, Crewe Advisors LLC bought a new position in shares of eBay during the first quarter worth approximately $43,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Mizuho raised their price objective on eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Jefferies Financial Group raised their price objective on eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Robert W. Baird raised their price objective on eBay from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Morgan Stanley raised their price objective on eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Barclays raised their price objective on eBay from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.84.

Insider Activity at eBay

In related news, SVP Marie Oh Huber sold 49,070 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares of the company’s stock, valued at approximately $8,803,915.33. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other eBay news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.63, for a total value of $2,435,344.10. Following the transaction, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The disclosure for this sale can be found here. Insiders have sold a total of 59,558 shares of company stock valued at $3,001,254 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

eBay Price Performance

Shares of NASDAQ EBAY traded up $1.06 during mid-day trading on Friday, hitting $54.18. 4,130,168 shares of the stock traded hands, compared to its average volume of 5,738,533. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $55.69. The company has a market cap of $27.20 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31. The firm has a 50 day simple moving average of $53.43 and a two-hundred day simple moving average of $49.70.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter last year, the business posted $0.87 EPS. eBay’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts forecast that eBay Inc. will post 3.73 EPS for the current fiscal year.

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.