Transamerica Financial Advisors Inc. Grows Stake in eBay Inc. (NASDAQ:EBAY)

Transamerica Financial Advisors Inc. increased its holdings in eBay Inc. (NASDAQ:EBAY) by 24.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,458 shares of the e-commerce company’s stock after purchasing an additional 490 shares during the period. Transamerica Financial Advisors Inc.’s holdings in eBay were worth $161,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in shares of eBay by 3.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 717,798 shares of the e-commerce company’s stock valued at $37,887,000 after buying an additional 20,712 shares during the last quarter. Tidal Investments LLC increased its holdings in eBay by 8.4% in the 1st quarter. Tidal Investments LLC now owns 69,630 shares of the e-commerce company’s stock valued at $3,675,000 after acquiring an additional 5,386 shares during the last quarter. Comerica Bank lifted its stake in eBay by 10.4% in the 1st quarter. Comerica Bank now owns 126,717 shares of the e-commerce company’s stock worth $6,688,000 after purchasing an additional 11,921 shares in the last quarter. LBP AM SA boosted its holdings in shares of eBay by 137.0% during the 1st quarter. LBP AM SA now owns 22,870 shares of the e-commerce company’s stock valued at $1,207,000 after purchasing an additional 13,219 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in shares of eBay during the first quarter valued at about $29,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at $32,833,196.22. This trade represents a 1.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The trade was a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,016 shares of company stock worth $3,015,417 in the last ninety days. 0.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

EBAY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased 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. Morgan Stanley increased their price target on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Cantor Fitzgerald reissued a “neutral” rating and set a $62.00 price target on shares of eBay in a research note on Monday, October 7th. Finally, Piper Sandler increased 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. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.87.

eBay Trading Down 1.2 %

Shares of NASDAQ EBAY opened at $64.31 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50 day moving average price is $63.59 and its 200-day moving average price is $58.22. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week high of $67.80. The company has a market cap of $30.80 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.70 and a beta of 1.34.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. eBay’s payout ratio is 27.14%.

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.