Larson Financial Group LLC Purchases 391 Shares of eBay Inc. (NASDAQ:EBAY)

Larson Financial Group LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 15.1% in the 3rd quarter, Holdings Channel reports. The firm owned 2,981 shares of the e-commerce company’s stock after buying an additional 391 shares during the period. Larson Financial Group LLC’s holdings in eBay were worth $194,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Pitcairn Co. lifted its position in shares of eBay by 1.1% during the 3rd quarter. Pitcairn Co. now owns 72,996 shares of the e-commerce company’s stock worth $4,753,000 after buying an additional 776 shares during the last quarter. Cerity Partners LLC raised its stake in eBay by 30.0% during the third quarter. Cerity Partners LLC now owns 90,569 shares of the e-commerce company’s stock worth $5,897,000 after acquiring an additional 20,899 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of eBay by 11.6% in the third quarter. Raymond James Trust N.A. now owns 12,477 shares of the e-commerce company’s stock worth $812,000 after acquiring an additional 1,299 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of eBay by 3.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 105,641 shares of the e-commerce company’s stock valued at $6,538,000 after purchasing an additional 3,498 shares in the last quarter. Finally, Trustmark National Bank Trust Department bought a new stake in shares of eBay during the 3rd quarter valued at approximately $1,307,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on EBAY shares. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Benchmark reaffirmed a “buy” rating and issued a $65.00 target price on shares of eBay in a report on Tuesday, October 29th. Evercore ISI lifted their price target on eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Thursday, August 1st. Piper Sandler upped their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Susquehanna raised their price objective on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.87.

Insider Transactions at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total transaction of $336,993.75. Following the transaction, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 26.22 % 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 valued at $3,015,417 over the last ninety days. 0.38% of the stock is owned by company insiders.

eBay Stock Performance

Shares of EBAY opened at $64.31 on Thursday. eBay Inc. has a one year low of $40.16 and a one year high of $67.80. The company has a market cap of $30.80 billion, a PE ratio of 16.16, a P/E/G ratio of 1.70 and a beta of 1.34. The stock has a 50-day moving average of $63.59 and a 200-day moving average of $58.22. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued 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%.

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.