eBay Inc. (NASDAQ:EBAY) Shares Bought by Argent Trust Co

Argent Trust Co raised its holdings in eBay Inc. (NASDAQ:EBAY) by 11.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,244 shares of the e-commerce company’s stock after purchasing an additional 2,427 shares during the quarter. Argent Trust Co’s holdings in eBay were worth $1,249,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in eBay in the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC raised its stake in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares during the period. LRI Investments LLC acquired a new position in shares of eBay in the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC purchased a new position in shares of eBay during the 2nd quarter worth approximately $29,000. Finally, Washington Trust Advisors Inc. acquired a new stake in eBay in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of research reports. Citigroup upped their price target on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Truist Financial raised their target price on eBay from $50.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Daiwa America upgraded shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Evercore ISI raised their price objective on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research note on Thursday, August 1st. Finally, Benchmark lifted their price objective on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $56.90.

eBay Stock Performance

Shares of EBAY opened at $63.22 on Friday. The company has a market capitalization of $31.74 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $64.96. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a 50 day moving average price of $57.41 and a 200 day moving average price of $53.95.

eBay (NASDAQ:EBAY) last issued its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, August 30th. eBay’s payout ratio is currently 21.51%.

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.