TD Private Client Wealth LLC Purchases 961 Shares of eBay Inc. (NASDAQ:EBAY)

TD Private Client Wealth LLC boosted its position in eBay Inc. (NASDAQ:EBAY) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,423 shares of the e-commerce company’s stock after buying an additional 961 shares during the quarter. TD Private Client Wealth LLC’s holdings in eBay were worth $398,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Smithfield Trust Co grew its holdings in shares of eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock valued at $274,000 after acquiring an additional 153 shares in the last quarter. Cypress Wealth Services LLC increased its position in shares of eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after purchasing an additional 157 shares during the last quarter. IFP Advisors Inc raised its stake in shares of eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock worth $150,000 after purchasing an additional 163 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of eBay by 4.1% in the 4th quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after buying an additional 167 shares during the last quarter. Finally, Bailard Inc. grew its stake in shares of eBay by 0.5% in the fourth quarter. Bailard Inc. now owns 34,651 shares of the e-commerce company’s stock valued at $2,147,000 after buying an additional 169 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Susquehanna upped their price target on shares of eBay from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a report on Monday, December 16th. BMO Capital Markets lifted their price target on eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Thursday, February 27th. Barclays set a $72.00 price objective on eBay and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of eBay in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, eBay currently has an average rating of “Hold” and an average price target of $65.54.

Insider Activity at eBay

In related news, SVP Cornelius Boone sold 3,958 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.38, for a total value of $350,887.50. Following the transaction, the chief executive officer now directly owns 542,248 shares of the company’s stock, valued at approximately $33,825,430.24. The trade was a 1.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock valued at $1,061,665 over the last three months. 0.38% of the stock is owned by insiders.

eBay Trading Up 1.2 %

EBAY opened at $66.54 on Tuesday. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 2.22 and a beta of 1.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. eBay Inc. has a twelve month low of $48.52 and a twelve month high of $71.61. The company has a 50-day simple moving average of $67.01 and a 200 day simple moving average of $64.77.

eBay Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.29 per share. This is a positive change from eBay’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 1.74%. eBay’s dividend payout ratio (DPR) is currently 29.07%.

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.