Cerity Partners LLC Grows Position in eBay Inc. (NASDAQ:EBAY)

Cerity Partners LLC grew its stake in shares of eBay Inc. (NASDAQ:EBAY) by 30.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,569 shares of the e-commerce company’s stock after purchasing an additional 20,899 shares during the period. Cerity Partners LLC’s holdings in eBay were worth $5,897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EBAY. Raymond James Trust N.A. boosted its holdings in eBay by 11.6% during the third quarter. Raymond James Trust N.A. now owns 12,477 shares of the e-commerce company’s stock worth $812,000 after buying an additional 1,299 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of eBay by 3.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 105,641 shares of the e-commerce company’s stock worth $6,538,000 after acquiring an additional 3,498 shares in the last quarter. Trustmark National Bank Trust Department acquired a new stake in shares of eBay in the 3rd quarter worth approximately $1,307,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in eBay by 27.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 450,119 shares of the e-commerce company’s stock valued at $29,307,000 after purchasing an additional 97,170 shares in the last quarter. Finally, Cornerstone Advisors LLC raised its holdings in eBay by 29.6% during the third quarter. Cornerstone Advisors LLC now owns 32,000 shares of the e-commerce company’s stock worth $2,084,000 after purchasing an additional 7,300 shares during the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EBAY has been the topic of several research reports. Morgan Stanley upped their target price on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group raised their target price on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Piper Sandler upped their price target on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. TD Cowen raised their price objective on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, UBS Group cut their price objective on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.87.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the company’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 sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 26.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This trade represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,016 shares of company stock worth $3,015,417. 0.38% of the stock is currently owned by company insiders.

eBay Trading Down 1.2 %

Shares of EBAY opened at $64.31 on Thursday. The stock’s fifty day simple moving average is $63.59 and its 200 day simple moving average is $58.22. eBay Inc. has a twelve month low of $40.16 and a twelve month high of $67.80. 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 P/E ratio of 16.16, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34.

eBay Announces Dividend

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 paid 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 is Friday, November 29th. eBay’s dividend payout ratio is currently 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.