Toronto Dominion Bank Increases Position in eBay Inc. (NASDAQ:EBAY)

Toronto Dominion Bank grew its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 317.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 904,775 shares of the e-commerce company's stock after acquiring an additional 688,293 shares during the quarter. Toronto Dominion Bank owned about 0.19% of eBay worth $56,049,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EBAY. Park Avenue Securities LLC raised its holdings in eBay by 21.7% during the 4th quarter. Park Avenue Securities LLC now owns 13,776 shares of the e-commerce company's stock valued at $853,000 after buying an additional 2,454 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in eBay by 7.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,340 shares of the e-commerce company's stock valued at $269,000 after acquiring an additional 289 shares during the period. Cypress Wealth Services LLC raised its stake in eBay by 4.7% during the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company's stock valued at $216,000 after buying an additional 157 shares during the last quarter. Avanza Fonder AB purchased a new position in eBay in the fourth quarter worth about $3,263,000. Finally, Merit Financial Group LLC grew its stake in shares of eBay by 169.9% during the 4th quarter. Merit Financial Group LLC now owns 9,302 shares of the e-commerce company's stock valued at $576,000 after purchasing an additional 5,855 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 28,060 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company's stock, valued at $4,413,725.60. The trade was a 30.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Julie A. Loeger sold 127,070 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $69.43, for a total value of $8,822,470.10. Following the transaction, the senior vice president now owns 123,282 shares of the company's stock, valued at approximately $8,559,469.26. This represents a 50.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 187,755 shares of company stock worth $12,943,715. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EBAY shares. Benchmark upped their price target on eBay from $65.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Evercore ISI increased their price target on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Truist Financial raised their price target on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Susquehanna upped their price objective on eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Finally, Barclays increased their target price on eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, eBay has a consensus rating of "Hold" and an average price target of $67.42.

eBay Stock Down 0.2%

EBAY traded down $0.16 during trading on Friday, hitting $72.00. The stock had a trading volume of 1,449,368 shares, compared to its average volume of 4,978,067. The stock has a 50 day simple moving average of $67.02 and a two-hundred day simple moving average of $65.77. eBay Inc. has a twelve month low of $51.38 and a twelve month high of $72.94. The company has a market capitalization of $33.19 billion, a PE ratio of 18.06, a PEG ratio of 2.22 and a beta of 1.30. 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 (NASDAQ:EBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.34 by $0.04. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. eBay's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $1.25 EPS. On average, research analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.61%. eBay's payout ratio is 27.62%.

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.