3,748 Shares in eBay Inc. (NASDAQ:EBAY) Acquired by IHT Wealth Management LLC

IHT Wealth Management LLC purchased a new stake in eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 3,748 shares of the e-commerce company’s stock, valued at approximately $244,000.

A number of other large investors also recently made changes to their positions in the business. Tortoise Investment Management LLC increased its stake in eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of eBay during the 2nd quarter valued at about $29,000. Gradient Investments LLC lifted its holdings in shares of eBay by 86.3% during the 2nd quarter. Gradient Investments LLC now owns 613 shares of the e-commerce company’s stock worth $33,000 after acquiring an additional 284 shares during the period. USA Financial Formulas acquired a new stake in shares of eBay in the third quarter worth approximately $38,000. Finally, Northwest Investment Counselors LLC purchased a new stake in eBay in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Trading Down 2.9 %

NASDAQ:EBAY opened at $63.23 on Wednesday. The stock has a market cap of $30.29 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. 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 simple moving average is $63.54 and its 200 day simple moving average is $58.91.

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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s payout ratio is 27.14%.

Insider Activity

In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This represents a 5.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated 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 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 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 52,641 shares of company stock worth $3,370,974. 0.38% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EBAY shares. Truist Financial increased their price target on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. UBS Group reduced their target price on eBay from $72.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Barclays lowered their price target on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Bank of America cut their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company decreased their target price on eBay from $63.00 to $62.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus price target of $62.63.

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.