Toronto Dominion Bank Reduces Position in eBay Inc. (NASDAQ:EBAY)

Toronto Dominion Bank reduced its stake in eBay Inc. (NASDAQ:EBAY) by 19.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 216,482 shares of the e-commerce company’s stock after selling 51,417 shares during the quarter. Toronto Dominion Bank’s holdings in eBay were worth $14,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its position in shares of eBay by 36.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,179 shares of the e-commerce company’s stock valued at $1,567,000 after buying an additional 7,781 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of eBay by 234.7% in the second quarter. Assenagon Asset Management S.A. now owns 182,534 shares of the e-commerce company’s stock worth $9,806,000 after purchasing an additional 127,991 shares during the period. Blue Trust Inc. increased its stake in shares of eBay by 164.0% in the second quarter. Blue Trust Inc. now owns 1,069 shares of the e-commerce company’s stock worth $56,000 after purchasing an additional 664 shares in the last quarter. Gradient Investments LLC raised its position in shares of eBay by 86.3% during the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock valued at $33,000 after purchasing an additional 284 shares during the period. Finally, TCW Group Inc. lifted its stake in shares of eBay by 113.8% during the 2nd quarter. TCW Group Inc. now owns 25,847 shares of the e-commerce company’s stock valued at $1,389,000 after buying an additional 13,756 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Price Performance

eBay stock opened at $63.84 on Friday. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $63.37 and a 200-day moving average price of $59.10. The firm has a market capitalization of $30.58 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.69%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Activity

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the company’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 owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This represents a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay 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 sale, the chief executive officer now owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,641 shares of company stock valued at $3,370,974. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Morgan Stanley increased their price target on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Citigroup lifted their target price on eBay from $65.00 to $68.00 and gave the company a “buy” rating in a research note 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. Bank of America reduced their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Two equities research analysts have 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. According to data from MarketBeat.com, eBay currently has an average rating of “Hold” and an average price target of $62.63.

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.