eBay Inc. (NASDAQ:EBAY) Shares Acquired by First Affirmative Financial Network

First Affirmative Financial Network lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,894 shares of the e-commerce company’s stock after acquiring an additional 264 shares during the period. First Affirmative Financial Network’s holdings in eBay were worth $319,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC grew its position in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the last quarter. LRI Investments LLC acquired a new position in eBay in the 1st quarter valued at $29,000. Hobbs Group Advisors LLC purchased a new position in eBay during the 2nd quarter worth $29,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of eBay in the 1st quarter worth $30,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EBAY has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Piper Sandler reissued an “overweight” rating and set a $64.00 target price (up from $58.00) on shares of eBay in a research note on Thursday, August 1st. Benchmark raised their price target on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Bank of America upped their price objective on eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Finally, Robert W. Baird raised their target price on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $58.05.

eBay Stock Up 0.4 %

Shares of NASDAQ:EBAY opened at $66.33 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $33.30 billion, a P/E ratio of 13.21, a P/E/G ratio of 2.59 and a beta of 1.32. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $67.72. The stock’s fifty day simple moving average is $60.87 and its 200-day simple moving average is $55.54.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio is presently 21.51%.

Insiders Place Their Bets

In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at approximately $36,963,542.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,224 shares of company stock valued at $2,600,666 in the last quarter. 0.38% of the stock is currently owned by company insiders.

eBay 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.