HF Advisory Group LLC boosted its stake in eBay Inc. (NASDAQ:EBAY – Free Report) by 285.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,228 shares of the e-commerce company’s stock after acquiring an additional 29,790 shares during the quarter. HF Advisory Group LLC’s holdings in eBay were worth $3,504,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. Financial Consulate Inc. acquired a new position in eBay in the third quarter worth $27,000. Steigerwald Gordon & Koch Inc. bought a new position in eBay in the 3rd quarter worth about $28,000. JPL Wealth Management LLC acquired a new stake in eBay in the 3rd quarter valued at approximately $28,000. JFS Wealth Advisors LLC increased its holdings in shares of eBay by 57.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 318 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 116 shares during the period. Finally, Beacon Financial Strategies CORP acquired a new position in eBay during the 4th quarter valued at about $28,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.
eBay Stock Up 2.3%
EBAY stock opened at $93.13 on Thursday. eBay Inc. has a twelve month low of $58.71 and a twelve month high of $101.15. The company has a market cap of $41.72 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The business’s 50-day simple moving average is $89.20 and its 200 day simple moving average is $88.35. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.30.
eBay Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, March 6th. This is a positive change from eBay’s previous quarterly dividend of $0.29. eBay’s dividend payout ratio is presently 28.51%.
Analyst Ratings Changes
EBAY has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 target price on shares of eBay in a report on Thursday, February 19th. Wall Street Zen raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. TD Cowen reissued a “hold” rating on shares of eBay in a research report on Wednesday, February 18th. Truist Financial set a $94.00 price objective on eBay and gave the stock a “hold” rating in a report on Thursday, February 19th. Finally, UBS Group set a $96.00 price objective on eBay in a research report on Thursday, February 19th. Fourteen equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average price target of $98.22.
View Our Latest Stock Report on eBay
Insider Buying and Selling at eBay
In other eBay news, SVP Mazen Rawashdeh sold 23,167 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $93.59, for a total transaction of $2,168,199.53. Following the completion of the sale, the senior vice president directly owned 28,915 shares of the company’s stock, valued at approximately $2,706,154.85. The trade was a 44.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Cornelius Boone sold 16,685 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $92.44, for a total transaction of $1,542,361.40. Following the sale, the senior vice president directly owned 94,479 shares of the company’s stock, valued at approximately $8,733,638.76. This trade represents a 15.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 87,280 shares of company stock worth $8,067,074. 0.64% of the stock is currently owned by insiders.
eBay Company Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
See Also
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