Raymond James Trust N.A. Boosts Position in eBay Inc. (NASDAQ:EBAY)

Raymond James Trust N.A. grew its stake in eBay Inc. (NASDAQ:EBAY) by 11.6% during the 3rd quarter, Holdings Channel reports. The fund owned 12,477 shares of the e-commerce company’s stock after acquiring an additional 1,299 shares during the period. Raymond James Trust N.A.’s holdings in eBay were worth $812,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC lifted its position in shares of eBay by 90.7% in the third quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock valued at $2,963,000 after acquiring an additional 21,636 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after acquiring an additional 60,544 shares in the last quarter. PGGM Investments lifted its position in shares of eBay by 88.0% in the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after acquiring an additional 28,604 shares in the last quarter. Prospera Financial Services Inc lifted its position in shares of eBay by 794.2% in the third quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after acquiring an additional 62,719 shares in the last quarter. Finally, Trustmark National Bank Trust Department purchased a new stake in shares of eBay in the third quarter valued at $1,307,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on EBAY. Daiwa America upgraded eBay to a “hold” rating in a research report on Wednesday, August 14th. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Mizuho increased their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Truist Financial increased their target price on eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.87.

Insider Activity

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 value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the transaction, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This represents a 1.02 % 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. 0.38% of the stock is currently owned by corporate insiders.

eBay Price Performance

EBAY stock opened at $63.24 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $67.80. The firm has a market cap of $30.29 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. The stock has a 50-day simple moving average of $63.55 and a 200-day simple moving average of $57.97.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid 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 dividend payout ratio (DPR) is currently 27.14%.

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.