Maia Wealth LLC Makes New $221,000 Investment in eBay Inc. (NASDAQ:EBAY)

Maia Wealth LLC purchased a new position in eBay Inc. (NASDAQ:EBAY) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,473 shares of the e-commerce company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. HF Advisory Group LLC lifted its stake in shares of eBay by 9.1% during the third quarter. HF Advisory Group LLC now owns 11,981 shares of the e-commerce company’s stock valued at $780,000 after buying an additional 1,004 shares during the period. Catalyst Capital Advisors LLC raised its holdings in eBay by 1.7% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 29,859 shares of the e-commerce company’s stock valued at $1,944,000 after acquiring an additional 506 shares during the last quarter. Impax Asset Management Group plc purchased a new position in shares of eBay during the 3rd quarter worth $6,894,000. PDS Planning Inc acquired a new stake in shares of eBay during the third quarter worth $226,000. Finally, QRG Capital Management Inc. grew its position in shares of eBay by 5.4% in the third quarter. QRG Capital Management Inc. now owns 112,605 shares of the e-commerce company’s stock valued at $7,332,000 after purchasing an additional 5,751 shares during the period. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EBAY shares. The Goldman Sachs Group raised their price target on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a research note on Tuesday, October 15th. Needham & Company LLC reissued a “buy” rating and set a $72.00 target price on shares of eBay in a research report on Thursday, October 31st. Jefferies Financial Group raised their price objective on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Wolfe Research initiated coverage on shares of eBay in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, Truist Financial raised their target price on eBay from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.87.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay 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 completion of the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the sale, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock valued at $3,015,417 over the last ninety days. Insiders own 0.38% of the company’s stock.

eBay Stock Down 0.7 %

NASDAQ:EBAY opened at $61.08 on Thursday. The stock’s fifty day moving average price is $63.12 and its two-hundred day moving average price is $57.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $29.26 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.90 and a beta of 1.34. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $67.80.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, November 29th. eBay’s dividend payout ratio is 27.14%.

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.