Citizens Financial Group Inc. RI acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,505 shares of the e-commerce company’s stock, valued at approximately $2,850,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Texas Capital Bank Wealth Management Services Inc bought a new position in eBay in the second quarter worth about $8,100,000. Grandfield & Dodd LLC purchased a new stake in shares of eBay during the second quarter valued at about $396,000. BlackRock Inc. bought a new stake in shares of eBay in the 2nd quarter valued at about $4,406,897,000. Pallas Capital Advisors LLC bought a new stake in shares of eBay in the 2nd quarter valued at about $234,000. Finally, Paragon Financial Partners Inc. bought a new stake in shares of eBay in the 2nd quarter valued at about $289,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.
eBay Price Performance
Shares of EBAY stock opened at $100.94 on Tuesday. eBay Inc. has a fifty-two week low of $78.03 and a fifty-two week high of $119.31. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $44.92 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.49 and a beta of 1.37. The stock’s 50-day simple moving average is $110.51 and its 200-day simple moving average is $102.10.
eBay Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. eBay’s dividend payout ratio (DPR) is currently 25.67%.
Analyst Ratings Changes
Several research analysts recently commented on EBAY shares. Needham & Company LLC boosted their price objective on shares of eBay from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Robert W. Baird set a $126.00 target price on shares of eBay in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of eBay from $87.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Jefferies Financial Group set a $145.00 price target on shares of eBay in a report on Thursday, August 6th. Finally, BNP Paribas Exane upped their price target on eBay from $97.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Fourteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.09.
View Our Latest Analysis on EBAY
Insiders Place Their Bets
In other news, SVP Mazen Rawashdeh sold 50,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $117.04, for a total transaction of $5,852,000.00. Following the sale, the senior vice president directly owned 29,217 shares of the company’s stock, valued at $3,419,557.68. The trade was a 63.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Douglas Bradle Sweetnam sold 863 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $109.17, for a total value of $94,213.71. Following the completion of the transaction, the senior vice president directly owned 34,533 shares in the company, valued at approximately $3,769,967.61. The trade was a 2.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 86,112 shares of company stock valued at $9,837,076. Insiders own 0.67% of the company’s stock.
eBay Company Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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