eBay Inc. (NASDAQ:EBAY) Shares Purchased by Fortem Financial Group LLC

Fortem Financial Group LLC lifted its holdings in eBay Inc. (NASDAQ:EBAY) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,058 shares of the e-commerce company’s stock after purchasing an additional 483 shares during the period. Fortem Financial Group LLC’s holdings in eBay were worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of eBay during the 3rd quarter worth approximately $36,000. USA Financial Formulas purchased a new stake in eBay in the 3rd quarter worth $38,000. Northwest Investment Counselors LLC acquired a new position in eBay during the third quarter worth $50,000. Versant Capital Management Inc lifted its holdings in eBay by 115.5% during the fourth quarter. Versant Capital Management Inc now owns 836 shares of the e-commerce company’s stock valued at $52,000 after purchasing an additional 448 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of eBay by 276.0% in the third quarter. Financial Management Professionals Inc. now owns 846 shares of the e-commerce company’s stock valued at $55,000 after purchasing an additional 621 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 548,042 shares in the company, valued at $32,833,196.22. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were 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 in the company, valued at $4,336,213.77. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,658 shares of company stock valued at $1,364,575 in the last three months. 0.38% of the stock is owned by corporate insiders.

eBay Trading Up 2.0 %

NASDAQ:EBAY traded up $1.25 on Monday, reaching $62.86. 4,064,714 shares of the company’s stock were exchanged, compared to its average volume of 3,677,120. The firm has a market capitalization of $30.11 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a fifty day moving average of $62.70 and a 200-day moving average of $60.23.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.27 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. eBay’s dividend payout ratio (DPR) is 27.14%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EBAY shares. The Goldman Sachs Group lifted their price objective on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. lowered their price target on eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Bank of America reduced their price objective on eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Morgan Stanley lifted their target price on shares of eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Piper Sandler increased their target price on shares of eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, eBay has an average rating of “Hold” and an average price target of $62.92.

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.