Daiwa Securities Group Inc. Raises Stock Position in eBay Inc. (NASDAQ:EBAY)

Daiwa Securities Group Inc. grew its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,597 shares of the e-commerce company’s stock after buying an additional 6,543 shares during the quarter. Daiwa Securities Group Inc.’s holdings in eBay were worth $10,587,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Gamco Investors INC. ET AL boosted its stake in eBay by 2.0% during the first quarter. Gamco Investors INC. ET AL now owns 20,190 shares of the e-commerce company’s stock worth $1,066,000 after buying an additional 400 shares during the period. LRI Investments LLC purchased a new position in shares of eBay during the 1st quarter worth about $29,000. Price T Rowe Associates Inc. MD grew its holdings in eBay by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock valued at $37,887,000 after purchasing an additional 20,712 shares during the last quarter. SVB Wealth LLC raised its position in eBay by 27.1% in the 1st quarter. SVB Wealth LLC now owns 21,463 shares of the e-commerce company’s stock worth $1,133,000 after purchasing an additional 4,581 shares during the period. Finally, Ascent Group LLC bought a new stake in eBay in the first quarter worth about $351,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EBAY shares. Evercore ISI increased their price target on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. The Goldman Sachs Group increased their target price on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 1st. StockNews.com downgraded shares of eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Bank of America lowered their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $62.87.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock worth $3,015,417 over the last three months. Corporate insiders own 0.38% of the company’s stock.

eBay Stock Performance

Shares of eBay stock opened at $63.24 on Monday. The company has a market capitalization of $30.29 billion, a PE ratio of 15.89, a P/E/G ratio of 1.66 and a beta of 1.34. The company has a 50-day simple moving average of $63.55 and a two-hundred day simple moving average of $57.97. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. eBay’s payout ratio is 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.