Greenfield Savings Bank Makes New Investment in eBay Inc. (NASDAQ:EBAY)

Greenfield Savings Bank bought a new position in eBay Inc. (NASDAQ:EBAY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 4,380 shares of the e-commerce company’s stock, valued at approximately $271,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EBAY. Private Advisor Group LLC increased its position in shares of eBay by 90.7% during the 3rd quarter. Private Advisor Group LLC now owns 45,500 shares of the e-commerce company’s stock worth $2,963,000 after purchasing an additional 21,636 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in eBay by 794.2% during the 3rd quarter. Prospera Financial Services Inc now owns 70,616 shares of the e-commerce company’s stock valued at $4,598,000 after acquiring an additional 62,719 shares during the period. Trustmark National Bank Trust Department purchased a new position in eBay during the 3rd quarter valued at about $1,307,000. Nordea Investment Management AB boosted its holdings in eBay by 3.8% during the 4th quarter. Nordea Investment Management AB now owns 9,151,026 shares of the e-commerce company’s stock valued at $573,220,000 after acquiring an additional 335,035 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in eBay by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 594,161 shares of the e-commerce company’s stock valued at $38,686,000 after acquiring an additional 9,990 shares during the period. 87.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus raised their target price on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a report on Monday, October 28th. Barclays cut their target price on eBay from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Mizuho lifted their price target on eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Sanford C. Bernstein raised eBay from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Tuesday, November 5th. Finally, Morgan Stanley lifted their price target on eBay from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.96.

Insiders Place Their Bets

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total value of $336,993.75. Following the completion of the sale, the chief executive officer now owns 548,042 shares of the company’s stock, valued at $32,833,196.22. This represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,989 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $65.20, for a total value of $260,082.80. Following the completion of the transaction, the senior vice president now directly owns 71,469 shares of the company’s stock, valued at $4,659,778.80. This represents a 5.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,283 shares of company stock worth $1,715,462 over the last three months. 0.38% of the stock is owned by insiders.

eBay Stock Performance

eBay stock opened at $65.72 on Tuesday. The firm has a market capitalization of $31.48 billion, a P/E ratio of 16.51, a PEG ratio of 2.22 and a beta of 1.35. The stock has a fifty day moving average price of $63.34 and a 200 day moving average price of $60.75. eBay Inc. has a 52 week low of $40.16 and a 52 week high of $71.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a yield of 1.64%. eBay’s dividend payout ratio is presently 27.14%.

eBay 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.