Ascent Group LLC Grows Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Ascent Group LLC grew its stake in shares of eBay Inc. (NASDAQ:EBAY) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,426 shares of the e-commerce company’s stock after acquiring an additional 1,779 shares during the period. Ascent Group LLC’s holdings in eBay were worth $809,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in eBay by 325.4% in the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after purchasing an additional 60,544 shares during the period. Cetera Advisors LLC boosted its position in shares of eBay by 106.7% in the first quarter. Cetera Advisors LLC now owns 13,777 shares of the e-commerce company’s stock valued at $727,000 after acquiring an additional 7,112 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in eBay by 41.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 884 shares of the e-commerce company’s stock valued at $47,000 after acquiring an additional 258 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in eBay during the 2nd quarter worth approximately $26,000. Finally, Park Avenue Securities LLC lifted its stake in eBay by 7.5% in the 2nd quarter. Park Avenue Securities LLC now owns 11,352 shares of the e-commerce company’s stock worth $610,000 after purchasing an additional 795 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $62.94 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $63.57 and a 200-day moving average price of $58.58. The company has a market cap of $30.15 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.66 and a beta of 1.35. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.72%. The ex-dividend date is Friday, November 29th. eBay’s dividend payout ratio (DPR) is currently 27.14%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value 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. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. This represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EBAY shares. The Goldman Sachs Group upped their price target on shares of eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a report on Tuesday, October 15th. Wells Fargo & Company decreased their target price on eBay from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Truist Financial lifted their price target on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their price objective on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Daiwa America upgraded shares of eBay to a “hold” rating in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $62.87.

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.