Keystone Financial Services Purchases 332 Shares of eBay Inc. (NASDAQ:EBAY)

Keystone Financial Services increased its position in shares of eBay Inc. (NASDAQ:EBAY) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,247 shares of the e-commerce company’s stock after buying an additional 332 shares during the quarter. eBay comprises about 0.4% of Keystone Financial Services’ portfolio, making the stock its 28th biggest position. Keystone Financial Services’ holdings in eBay were worth $993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of eBay in the third quarter valued at $164,000. Arvest Investments Inc. raised its holdings in shares of eBay by 1.2% in the 3rd quarter. Arvest Investments Inc. now owns 15,205 shares of the e-commerce company’s stock worth $990,000 after acquiring an additional 183 shares during the last quarter. River Global Investors LLP lifted its position in eBay by 4.4% in the 3rd quarter. River Global Investors LLP now owns 35,071 shares of the e-commerce company’s stock valued at $2,284,000 after acquiring an additional 1,468 shares in the last quarter. Alan B Lancz & Associates Inc. acquired a new position in eBay during the 3rd quarter valued at about $226,000. Finally, Sigma Planning Corp acquired a new position in eBay during the 3rd quarter valued at about $217,000. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 0.9 %

Shares of EBAY stock opened at $62.43 on Tuesday. The stock has a market capitalization of $29.90 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.03 and a beta of 1.34. The company’s fifty day simple moving average is $63.24 and its two-hundred day simple moving average is $57.19. eBay Inc. has a 1 year low of $38.60 and a 1 year high of $67.80. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.73%. eBay’s payout ratio is 27.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EBAY. Susquehanna raised their target price on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Piper Sandler raised their price objective on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Mizuho upped their target price on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of eBay from $70.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, StockNews.com cut shares of eBay from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.87.

Insider Buying and Selling

In other news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the transaction, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $59.91, for a total transaction of $336,993.75. Following the completion of the transaction, the chief executive officer now directly owns 548,042 shares in the company, valued at $32,833,196.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’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 completion of the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,016 shares of company stock valued at $3,015,417. Corporate insiders own 0.38% of the company’s stock.

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.