Wilmington Savings Fund Society FSB Takes Position in eBay Inc. (NASDAQ:EBAY)

Wilmington Savings Fund Society FSB bought a new stake in eBay Inc. (NASDAQ:EBAY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,697 shares of the e-commerce company’s stock, valued at approximately $241,000.

A number of other large investors also recently modified their holdings of EBAY. Blue Trust Inc. lifted its holdings in shares of eBay by 164.0% in the second quarter. Blue Trust Inc. now owns 1,069 shares of the e-commerce company’s stock valued at $56,000 after purchasing an additional 664 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of eBay by 22.4% in the second quarter. Fifth Third Bancorp now owns 34,145 shares of the e-commerce company’s stock valued at $1,834,000 after purchasing an additional 6,259 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in shares of eBay in the second quarter valued at approximately $212,000. Atria Wealth Solutions Inc. lifted its holdings in shares of eBay by 26.5% in the second quarter. Atria Wealth Solutions Inc. now owns 20,212 shares of the e-commerce company’s stock valued at $1,086,000 after purchasing an additional 4,229 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of eBay in the second quarter valued at approximately $262,000. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

EBAY has been the subject of a number of research analyst reports. Robert W. Baird decreased their price target on eBay from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price target on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a research report on Tuesday, October 15th. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research report on Monday. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on eBay from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $62.63.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at approximately $4,336,213.77. This trade represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Monday, October 7th. The shares were sold at an average price of $66.56, for a total value of $374,400.00. Following the sale, the chief executive officer now directly owns 553,666 shares of the company’s stock, valued at $36,852,008.96. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,908 shares of company stock valued at $2,110,731. Company insiders own 0.38% of the company’s stock.

eBay Price Performance

Shares of NASDAQ EBAY opened at $64.23 on Wednesday. The stock has a market cap of $30.77 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. eBay Inc. has a fifty-two week low of $40.16 and a fifty-two week 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 stock has a fifty day moving average of $63.25 and a 200-day moving average of $59.34.

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. This represents a $1.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, November 29th. eBay’s dividend payout ratio (DPR) is presently 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.