Coldstream Capital Management Inc. Acquires 2,448 Shares of eBay Inc. (NASDAQ:EBAY)

Coldstream Capital Management Inc. raised its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,865 shares of the e-commerce company’s stock after purchasing an additional 2,448 shares during the period. Coldstream Capital Management Inc.’s holdings in eBay were worth $2,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ameriprise Financial Inc. raised its position in eBay by 17.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after purchasing an additional 3,880,649 shares during the last quarter. Mirova US LLC grew its holdings in shares of eBay by 2.1% during the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after acquiring an additional 189,505 shares during the period. Victory Capital Management Inc. grew its holdings in shares of eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of eBay by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock worth $361,159,000 after acquiring an additional 530,941 shares during the period. Finally, LSV Asset Management grew its holdings in shares of eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after acquiring an additional 1,216,885 shares during the period. Institutional investors own 87.48% of the company’s stock.

Insider Activity

In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now directly owns 531,167 shares in the company, valued at approximately $33,575,066.07. This represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,641 shares of company stock valued at $3,370,974 in the last ninety days. 0.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EBAY. Stifel Nicolaus upped their target price on eBay from $56.00 to $64.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Mizuho upped their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $72.00 target price on shares of eBay in a report on Thursday, October 31st. Piper Sandler upped their price target on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, TD Cowen upped their price target on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.63.

eBay Price Performance

NASDAQ EBAY opened at $63.23 on Wednesday. The business’s fifty day moving average price is $63.54 and its 200-day moving average price is $58.91. The stock has a market capitalization of $30.29 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.67 and a beta of 1.35. 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 Inc. has a 1-year low of $40.16 and a 1-year high of $67.80.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. eBay’s payout ratio 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.