PDS Planning Inc Invests $226,000 in eBay Inc. (NASDAQ:EBAY)

PDS Planning Inc purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,470 shares of the e-commerce company’s stock, valued at approximately $226,000.

Several other hedge funds have also recently added to or reduced their stakes in EBAY. QRG Capital Management Inc. grew its holdings in shares of eBay by 5.4% during the third quarter. QRG Capital Management Inc. now owns 112,605 shares of the e-commerce company’s stock worth $7,332,000 after buying an additional 5,751 shares in the last quarter. National Pension Service boosted its position in eBay by 11.9% during the third quarter. National Pension Service now owns 973,015 shares of the e-commerce company’s stock worth $63,353,000 after acquiring an additional 103,733 shares during the last quarter. Forum Financial Management LP purchased a new stake in eBay during the 3rd quarter valued at about $213,000. Janney Montgomery Scott LLC raised its holdings in eBay by 599.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 538,744 shares of the e-commerce company’s stock valued at $35,078,000 after acquiring an additional 461,708 shares during the last quarter. Finally, Optas LLC lifted its stake in eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after purchasing an additional 171 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EBAY shares. Citigroup upped their price target on eBay from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Bank of America cut their target price on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus boosted their price target on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Piper Sandler raised their price objective on shares of eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, Benchmark reiterated a “buy” rating and issued a $65.00 target price on shares of eBay in a report on Tuesday, October 29th. One investment 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 currently has an average rating of “Hold” and an average price target of $62.87.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Stephen J. Priest sold 1,167 shares of the business’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 transaction of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $66.56, for a total value of $374,400.00. Following the completion of the transaction, the chief executive officer now directly owns 553,666 shares of the company’s stock, valued at $36,852,008.96. This trade 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 have sold 41,391 shares of company stock valued at $2,678,424. Insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of EBAY opened at $61.51 on Wednesday. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $67.80. The stock has a market capitalization of $29.46 billion, a PE ratio of 15.45, a PEG ratio of 1.90 and a beta of 1.34. 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 has a 50-day simple moving average of $63.05 and a 200-day simple moving average of $56.97.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.76%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 27.14%.

eBay 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.