Huntington National Bank Grows Stock Position in eBay Inc. (NASDAQ:EBAY)

Huntington National Bank boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,427 shares of the e-commerce company’s stock after acquiring an additional 368 shares during the quarter. Huntington National Bank’s holdings in eBay were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in eBay by 0.3% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after buying an additional 153 shares during the period. Optas LLC lifted its holdings in shares of eBay by 0.5% during the 3rd quarter. Optas LLC now owns 34,082 shares of the e-commerce company’s stock valued at $2,219,000 after buying an additional 171 shares during the period. Davis Investment Partners LLC boosted its stake in shares of eBay by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after buying an additional 180 shares during the last quarter. Arvest Investments Inc. boosted its position in eBay by 1.2% in the third quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after purchasing an additional 183 shares during the last quarter. Finally, Quent Capital LLC boosted its holdings in shares of eBay by 6.8% in the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after buying an additional 202 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EBAY has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of eBay from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Tuesday, November 5th. TD Cowen lifted their target price on eBay from $45.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Piper Sandler upped their price target on eBay from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $65.00 price objective on shares of eBay in a research report on Tuesday, October 29th. Finally, Mizuho increased their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.87.

eBay Stock Performance

NASDAQ EBAY opened at $61.43 on Friday. The company has a market cap of $29.42 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.03 and a beta of 1.34. The business’s 50 day moving average price is $63.49 and its 200-day moving average price is $57.40. eBay Inc. has a fifty-two week low of $38.97 and a fifty-two week high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 1.76%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of eBay 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 sale, the chief executive officer now directly owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,016 shares of company stock valued at $3,015,417. Company insiders own 0.38% of the company’s stock.

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.