Massmutual Trust Co. FSB ADV Has $56,000 Stake in eBay Inc. (NASDAQ:EBAY)

Massmutual Trust Co. FSB ADV lifted its stake in eBay Inc. (NASDAQ:EBAY) by 28.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,262 shares of the e-commerce company’s stock after buying an additional 280 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in eBay were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its position in shares of eBay by 272.2% in the second quarter. China Universal Asset Management Co. Ltd. now owns 603 shares of the e-commerce company’s stock worth $27,000 after purchasing an additional 441 shares during the period. SkyView Investment Advisors LLC bought a new stake in shares of eBay during the 1st quarter worth approximately $27,000. Union Savings Bank acquired a new stake in shares of eBay during the 2nd quarter worth approximately $28,000. Stonebridge Capital Advisors LLC bought a new position in eBay in the fourth quarter valued at approximately $29,000. Finally, Gyon Technologies Capital Management LP acquired a new position in eBay during the fourth quarter valued at approximately $32,000. Institutional investors own 85.87% of the company’s stock.

eBay Stock Down 0.1 %

Shares of NASDAQ EBAY traded down $0.04 during trading on Friday, hitting $40.14. 5,165,930 shares of the company traded hands, compared to its average volume of 5,141,188. The firm has a market capitalization of $21.36 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 2.10 and a beta of 1.33. The business’s fifty day moving average is $41.75 and its 200 day moving average is $43.70. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.16 and a current ratio of 2.16. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $52.23.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Tuesday, November 7th. The e-commerce company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.03. eBay had a return on equity of 32.03% and a net margin of 26.99%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts predict that eBay Inc. will post 3.3 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.49%. eBay’s dividend payout ratio (DPR) is currently 19.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EBAY shares. Stifel Nicolaus initiated coverage on eBay in a report on Tuesday, October 17th. They set a “hold” rating and a $46.00 price target for the company. Benchmark lowered their target price on eBay from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. StockNews.com lowered shares of eBay from a “buy” rating to a “hold” rating in a report on Friday, November 10th. TheStreet downgraded shares of eBay from a “b-” rating to a “c” rating in a research note on Wednesday, July 26th. Finally, Credit Suisse Group boosted their target price on shares of eBay from $56.00 to $57.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.47.

Insider Transactions at eBay

In related news, SVP Cornelius Boone sold 4,891 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $43.63, for a total value of $213,394.33. Following the completion of the sale, the senior vice president now directly owns 49,845 shares of the company’s stock, valued at approximately $2,174,737.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.21% of the company’s stock.

About eBay

eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.