FSA Wealth Management LLC Invests $55,000 in eBay Inc. (NASDAQ:EBAY)

FSA Wealth Management LLC bought a new stake in eBay Inc. (NASDAQ:EBAY) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 846 shares of the e-commerce company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in eBay by 0.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock valued at $3,418,000 after buying an additional 153 shares during the last quarter. Optas LLC lifted its stake in shares of eBay by 0.5% in the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock worth $2,219,000 after acquiring an additional 171 shares during the period. Davis Investment Partners LLC boosted 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 valued at $1,531,000 after acquiring an additional 180 shares in the last quarter. Arvest Investments Inc. increased its stake in shares of eBay by 1.2% during the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after acquiring an additional 183 shares during the period. Finally, Marco Investment Management LLC raised its holdings in eBay by 2.0% during the third quarter. Marco Investment Management LLC now owns 10,335 shares of the e-commerce company’s stock worth $673,000 after purchasing an additional 200 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This trade represents a 26.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated 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 directly owns 548,042 shares of the company’s stock, valued at approximately $32,833,196.22. This represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

EBAY has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft decreased their price target on eBay from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research report on Monday, October 7th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group increased their price target on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $62.87.

eBay Price Performance

NASDAQ:EBAY opened at $63.29 on Monday. eBay Inc. has a 12-month low of $40.16 and a 12-month high of $67.80. The firm has a market cap of $30.32 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34. The company’s 50-day moving average is $63.63 and its two-hundred day moving average is $58.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend 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%.

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.