Farther Finance Advisors LLC Has $484,000 Position in eBay Inc. (NASDAQ:EBAY)

Farther Finance Advisors LLC increased its holdings in eBay Inc. (NASDAQ:EBAY) by 14.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,433 shares of the e-commerce company’s stock after buying an additional 938 shares during the quarter. Farther Finance Advisors LLC’s holdings in eBay were worth $484,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new position in eBay in the second quarter worth about $26,000. Tortoise Investment Management LLC raised its position in eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares in the last quarter. LRI Investments LLC acquired a new position in eBay in the first quarter worth about $29,000. Hobbs Group Advisors LLC acquired a new position in eBay in the second quarter worth about $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in eBay in the first quarter worth about $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $59.91, for a total value of $336,993.75. Following the sale, the chief executive officer now directly owns 548,042 shares in the company, valued at approximately $32,833,196.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of the firm’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 sale, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the sale, the chief executive officer now owns 548,042 shares in the company, valued at approximately $32,833,196.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,016 shares of company stock worth $3,015,417. Company insiders own 0.38% of the company’s stock.

eBay Trading Down 0.7 %

Shares of NASDAQ EBAY opened at $61.08 on Thursday. The company’s 50 day simple moving average is $63.12 and its 200 day simple moving average is $57.00. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $67.80. The firm has a market capitalization of $29.26 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.90 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.77%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EBAY. TD Cowen increased their price target on shares of eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Daiwa America raised shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Truist Financial upped their price objective on shares of eBay from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday. Evercore ISI upped their price objective on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Thursday, August 1st. Finally, StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, eBay currently has a consensus rating of “Hold” and an average target price of $62.87.

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.