Zurcher Kantonalbank Zurich Cantonalbank Has $41.03 Million Stock Position in eBay Inc. (NASDAQ:EBAY)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in eBay Inc. (NASDAQ:EBAY) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 630,172 shares of the e-commerce company’s stock after selling 9,390 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.13% of eBay worth $41,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC boosted its stake in eBay by 90.7% in the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after purchasing an additional 21,636 shares during the period. Cetera Investment Advisers lifted its position in eBay by 325.4% during the 1st quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after buying an additional 60,544 shares in the last quarter. PGGM Investments lifted its position in eBay by 88.0% during the 2nd quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock worth $3,283,000 after buying an additional 28,604 shares in the last quarter. Prospera Financial Services Inc lifted its position in eBay by 794.2% during the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock worth $4,598,000 after buying an additional 62,719 shares in the last quarter. Finally, Trustmark National Bank Trust Department bought a new stake in eBay during the 3rd quarter worth about $1,307,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the topic of several analyst reports. Robert W. Baird dropped their target price on shares of eBay from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Truist Financial upped their target price on shares of eBay from $58.00 to $62.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Piper Sandler upped their target price on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Jefferies Financial Group upped their target price on shares of eBay from $58.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 target price on shares of eBay in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, eBay has a consensus rating of “Hold” and an average target price of $62.87.

eBay Stock Performance

NASDAQ EBAY opened at $64.31 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $30.80 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.70 and a beta of 1.34. The firm’s 50 day simple moving average is $63.61 and its 200 day simple moving average is $58.26. eBay Inc. has a 1 year low of $40.16 and a 1 year high of $67.80.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.27 per share. 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 dividend payout ratio is 27.14%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total transaction of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,016 shares of company stock worth $3,015,417. Corporate insiders own 0.38% of the company’s stock.

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.