eBay Inc. (NASDAQ:EBAY) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. grew its position in eBay Inc. (NASDAQ:EBAY) by 11.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,477 shares of the e-commerce company’s stock after buying an additional 1,299 shares during the quarter. Raymond James Trust N.A.’s holdings in eBay were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its position in shares of 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 purchasing an additional 400 shares in the last quarter. LRI Investments LLC purchased a new stake in eBay during the 1st quarter worth approximately $29,000. Price T Rowe Associates Inc. MD lifted 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 worth $37,887,000 after buying an additional 20,712 shares in the last quarter. SVB Wealth LLC boosted 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 valued at $1,133,000 after buying an additional 4,581 shares during the period. Finally, Ascent Group LLC acquired a new position in shares of eBay in the first quarter worth $351,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several analyst reports. The Goldman Sachs Group increased their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research note on Tuesday, October 15th. TD Cowen lifted their price objective on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Piper Sandler boosted their price objective on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of eBay in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, eBay has an average rating of “Hold” and a consensus price target of $62.87.

eBay Stock Performance

Shares of eBay stock opened at $63.24 on Monday. The firm’s fifty day simple moving average is $63.55 and its 200-day simple moving average is $57.97. eBay Inc. has a 12 month low of $40.16 and a 12 month high of $67.80. The stock has a market capitalization of $30.29 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.60 and a beta of 1.34. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued 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 dividend yield of 1.71%. eBay’s payout ratio is 27.14%.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,016 shares of company stock worth $3,015,417. Company insiders own 0.38% of the company’s stock.

About eBay

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.