Grove Bank & Trust Raises Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Grove Bank & Trust boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,245 shares of the e-commerce company’s stock after purchasing an additional 273 shares during the quarter. Grove Bank & Trust’s holdings in eBay were worth $139,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of eBay in the third quarter valued at approximately $36,000. USA Financial Formulas acquired a new stake in shares of eBay in the third quarter valued at approximately $38,000. Northwest Investment Counselors LLC acquired a new stake in shares of eBay in the third quarter valued at approximately $50,000. Versant Capital Management Inc increased its holdings in shares of eBay by 115.5% in the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its stake in eBay by 276.0% during the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock worth $55,000 after acquiring an additional 621 shares during the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of several recent analyst reports. Mizuho raised their target price on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Tuesday, November 5th. Morgan Stanley raised their target price on eBay from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. UBS Group lowered their price target on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Finally, Wedbush started coverage on eBay in a research report on Monday, December 9th. They set a “neutral” rating and a $70.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.83.

eBay Trading Up 1.7 %

eBay stock opened at $66.19 on Tuesday. The company’s fifty day simple moving average is $63.63 and its 200-day simple moving average is $61.09. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a 12 month low of $40.33 and a 12 month high of $71.52. The stock has a market cap of $31.71 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.10 and a beta of 1.35.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Friday, November 29th. eBay’s dividend payout ratio is currently 27.14%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.38, for a total transaction of $350,887.50. Following the completion of the transaction, the chief executive officer now owns 542,248 shares of the company’s stock, valued at $33,825,430.24. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 1,033 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $64.93, for a total transaction of $67,072.69. Following the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at approximately $4,225,644.40. This represents a 1.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,149 shares of company stock worth $1,704,778. Corporate insiders own 0.38% of the company’s stock.

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.