eBay Inc. (NASDAQ:EBAY) Shares Bought by Triodos Investment Management BV

Triodos Investment Management BV lifted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 25.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 696,998 shares of the e-commerce company’s stock after purchasing an additional 143,500 shares during the period. eBay comprises approximately 3.3% of Triodos Investment Management BV’s holdings, making the stock its 12th biggest holding. Triodos Investment Management BV owned 0.14% of eBay worth $37,443,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EBAY. International Assets Investment Management LLC purchased a new stake in eBay in the 4th quarter valued at about $4,660,000. Atria Wealth Solutions Inc. boosted its holdings in eBay by 59.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 9,960 shares of the e-commerce company’s stock valued at $434,000 after acquiring an additional 3,718 shares during the last quarter. Van ECK Associates Corp increased its stake in eBay by 19.4% during the fourth quarter. Van ECK Associates Corp now owns 68,545 shares of the e-commerce company’s stock worth $2,990,000 after acquiring an additional 11,121 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of eBay in the 4th quarter valued at about $259,000. Finally, Savant Capital LLC grew its holdings in shares of eBay by 2.3% during the 4th quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after purchasing an additional 262 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on EBAY shares. The Goldman Sachs Group raised their price target on shares of eBay from $38.00 to $46.00 and gave the company a “sell” rating in a report on Friday, August 2nd. Evercore ISI upped their price target on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price objective on eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. StockNews.com upgraded eBay from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, Jefferies Financial Group increased their target price on eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.65.

eBay Stock Performance

Shares of eBay stock traded up $0.77 during trading hours on Friday, reaching $59.10. The company’s stock had a trading volume of 5,430,169 shares, compared to its average volume of 4,181,275. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a one year low of $37.17 and a one year high of $59.85. The company’s 50 day simple moving average is $55.15 and its 200 day simple moving average is $52.37. The stock has a market cap of $28.90 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.83%. eBay’s dividend payout ratio is currently 21.51%.

Insider Buying and Selling

In other eBay news, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the transaction, the chief accounting officer now directly owns 4,109 shares of the company’s stock, valued at approximately $220,324.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The disclosure for this sale can be found here. Corporate 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.