Investment House LLC Has $627,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Investment House LLC decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 2.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 11,675 shares of the e-commerce company’s stock after selling 300 shares during the quarter. Investment House LLC’s holdings in eBay were worth $627,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EBAY. International Assets Investment Management LLC acquired a new stake in eBay during the 4th quarter worth approximately $4,660,000. Louisiana State Employees Retirement System bought a new stake in shares of eBay in the fourth quarter worth $1,370,000. Strs Ohio increased its holdings in eBay by 4.9% in the fourth quarter. Strs Ohio now owns 28,563 shares of the e-commerce company’s stock valued at $1,245,000 after purchasing an additional 1,343 shares during the period. abrdn plc raised its position in eBay by 67.7% during the 4th quarter. abrdn plc now owns 225,424 shares of the e-commerce company’s stock worth $9,833,000 after purchasing an additional 91,006 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. bought a new stake in shares of eBay in the 4th quarter valued at about $380,000. Institutional investors own 87.48% of the company’s stock.

Insiders Place Their Bets

In other eBay news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the transaction, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Insiders have sold a total of 10,488 shares of company stock worth $565,910 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EBAY shares. Jefferies Financial Group boosted their target price on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Citigroup increased their price target on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com upgraded eBay from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Wells Fargo & Company cut their target price on eBay from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $64.00 price objective (up from $58.00) on shares of eBay in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $56.65.

eBay Stock Performance

NASDAQ EBAY traded up $1.74 during trading on Wednesday, hitting $58.68. 5,537,818 shares of the company’s stock traded hands, compared to its average volume of 5,634,380. The stock has a market capitalization of $29.46 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. The business has a 50 day moving average of $54.33 and a 200-day moving average of $51.51. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $58.80.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.84%. eBay’s payout ratio is 21.51%.

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.