eBay Inc. (NASDAQ:EBAY) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its stake in eBay Inc. (NASDAQ:EBAY) by 9.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,035 shares of the e-commerce company’s stock after purchasing an additional 1,493 shares during the period. Summit Trail Advisors LLC’s holdings in eBay were worth $1,174,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after purchasing an additional 153 shares in the last quarter. Optas LLC grew its holdings in shares of eBay by 0.5% during the third 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 during the last quarter. Davis Investment Partners LLC grew its holdings in shares of eBay by 0.8% during the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after purchasing an additional 180 shares during the last quarter. Arvest Investments Inc. increased its position in shares of eBay by 1.2% during the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after purchasing an additional 183 shares in the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of eBay by 6.8% in the 1st quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock valued at $167,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their position. 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 company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. This represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock valued at $3,015,417 over the last three months. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EBAY has been the topic of several research reports. Citigroup raised their price objective on shares of eBay from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Susquehanna boosted their price target on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. TD Cowen lifted their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Truist Financial upped their price target on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. One equities research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.87.

eBay Price Performance

Shares of EBAY stock opened at $63.24 on Monday. The firm has a fifty day moving average of $63.55 and a two-hundred day moving average of $57.97. The firm has a market cap of $30.29 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.66 and a beta of 1.34. eBay Inc. has a 1-year low of $40.16 and a 1-year high of $67.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.27 dividend. 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 dividend payout ratio (DPR) is 27.14%.

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.