Wilmington Savings Fund Society FSB Makes New $241,000 Investment in eBay Inc. (NASDAQ:EBAY)

Wilmington Savings Fund Society FSB purchased a new position in shares of eBay Inc. (NASDAQ:EBAY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,697 shares of the e-commerce company’s stock, valued at approximately $241,000.

Several other large investors have also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after buying an additional 153 shares during the period. Optas LLC increased its holdings in shares of eBay by 0.5% in the third quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after buying an additional 171 shares during the period. Davis Investment Partners LLC increased its holdings in shares of eBay by 0.8% in the third quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after buying an additional 180 shares during the period. Arvest Investments Inc. increased its holdings in shares of eBay by 1.2% in the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after buying an additional 183 shares during the period. Finally, Marco Investment Management LLC increased its holdings in shares of eBay by 2.0% in the third quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company’s stock worth $673,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EBAY. Deutsche Bank Aktiengesellschaft decreased their price objective on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Benchmark restated a “buy” rating and set a $65.00 price target on shares of eBay in a report on Tuesday, October 29th. Sanford C. Bernstein upgraded eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Tuesday, November 5th. Bank of America reduced their price target on eBay from $67.00 to $64.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price target on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Two 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. According to data from MarketBeat, eBay presently has an average rating of “Hold” and a consensus target price of $62.63.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total value of $260,082.80. Following the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at approximately $4,659,778.80. This represents a 5.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen J. Priest sold 5,252 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $63.63, for a total value of $334,184.76. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,141,040.40. This trade represents a 7.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,908 shares of company stock valued at $2,110,731 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

eBay Stock Performance

Shares of EBAY opened at $64.23 on Wednesday. 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 business’s 50 day moving average price is $63.25 and its 200-day moving average price is $59.34. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $67.80. The stock has a market cap of $30.77 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.20 and a beta of 1.35.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.68%. eBay’s dividend payout ratio is currently 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.