OLD National Bancorp IN Increases Stake in eBay Inc. (NASDAQ:EBAY)

OLD National Bancorp IN raised its position in eBay Inc. (NASDAQ:EBAY) by 14.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,642 shares of the e-commerce company’s stock after acquiring an additional 706 shares during the period. OLD National Bancorp IN’s holdings in eBay were worth $303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in eBay during the second quarter worth $26,000. LRI Investments LLC acquired a new position in shares of eBay during the 1st quarter worth $29,000. Washington Trust Advisors Inc. purchased a new position in shares of eBay in the 1st quarter valued at about $30,000. Jones Financial Companies Lllp lifted its stake in shares of eBay by 73.5% in the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares during the period. Finally, American National Bank boosted its holdings in eBay by 200.0% during the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock worth $32,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Trading Up 1.0 %

Shares of NASDAQ EBAY traded up $0.58 on Friday, reaching $56.52. 2,952,171 shares of the company traded hands, compared to its average volume of 5,705,357. The company has a 50 day moving average of $53.95 and a 200 day moving average of $50.69. The company has a current ratio of 1.25, a quick ratio of 1.99 and a debt-to-equity ratio of 1.12. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $57.68. The stock has a market capitalization of $28.37 billion, a PE ratio of 11.26, a P/E/G ratio of 2.58 and a beta of 1.31.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s dividend payout ratio is currently 21.51%.

Insider Buying and Selling at eBay

In other news, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the transaction, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the sale, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The disclosure for this sale can be found here. Insiders have sold a total of 10,488 shares of company stock worth $565,910 in the last quarter. 0.38% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of research reports. Morgan Stanley lifted their price target on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Robert W. Baird boosted their target price on eBay from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Mizuho raised their price target on eBay from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Citigroup boosted their price objective on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. started coverage on shares of eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $56.65.

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.