HF Advisory Group LLC Purchases 1,004 Shares of eBay Inc. (NASDAQ:EBAY)

HF Advisory Group LLC boosted its position in shares of eBay Inc. (NASDAQ:EBAY) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,981 shares of the e-commerce company’s stock after purchasing an additional 1,004 shares during the period. HF Advisory Group LLC’s holdings in eBay were worth $780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EBAY. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after purchasing an additional 153 shares during the period. Optas LLC boosted its position in eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after buying an additional 171 shares during the period. Davis Investment Partners LLC grew its stake in eBay by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after acquiring an additional 180 shares in the last quarter. Quent Capital LLC increased its position in shares of eBay by 6.8% during the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after acquiring an additional 202 shares during the period. Finally, Checchi Capital Advisers LLC raised its stake in shares of eBay by 3.0% during the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after acquiring an additional 219 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Piper Sandler raised their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. TD Cowen increased their price target on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research note on Monday, October 7th. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Finally, Susquehanna boosted their price objective on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.87.

eBay Stock Up 2.1 %

NASDAQ EBAY opened at $61.51 on Wednesday. The business’s fifty day simple moving average is $63.05 and its 200-day simple moving average is $56.97. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market cap of $29.46 billion, a PE ratio of 15.45, a P/E/G ratio of 1.90 and a beta of 1.34.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 1.76%. eBay’s dividend payout ratio is currently 27.14%.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay 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 completion of the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $66.56, for a total value of $374,400.00. Following the completion of the transaction, the chief executive officer now owns 553,666 shares in the company, valued at approximately $36,852,008.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction 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 trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock valued at $2,678,424 over the last 90 days. 0.38% of the stock is owned by insiders.

eBay Company 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.