eBay Inc. (NASDAQ:EBAY) Stock Position Lowered by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lessened its position in eBay Inc. (NASDAQ:EBAY) by 0.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,129 shares of the e-commerce company’s stock after selling 182 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in eBay were worth $1,557,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in EBAY. Golden State Wealth Management LLC purchased a new stake in eBay in the 4th quarter worth approximately $27,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay during the 4th quarter worth $33,000. New Wave Wealth Advisors LLC acquired a new position in shares of eBay during the 4th quarter worth $36,000. Transce3nd LLC acquired a new position in shares of eBay during the 4th quarter worth $36,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of eBay during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Price Performance

NASDAQ:EBAY opened at $69.17 on Wednesday. The company has a 50-day moving average of $66.33 and a 200-day moving average of $65.29. The company has a market capitalization of $31.89 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 2.22 and a beta of 1.30. eBay Inc. has a 52 week low of $51.02 and a 52 week high of $71.61. 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) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. As a group, equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, May 30th. eBay’s dividend payout ratio is currently 27.62%.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several analyst reports. Cantor Fitzgerald increased their price target on shares of eBay from $65.00 to $69.00 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. Evercore ISI increased their price target on shares of eBay from $63.00 to $69.00 and gave the stock an “in-line” rating in a research note on Thursday, May 1st. UBS Group increased their price target on shares of eBay from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 29th. Benchmark increased their price target on shares of eBay from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC raised their target price on shares of eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, eBay has an average rating of “Hold” and a consensus target price of $67.42.

Insider Activity at eBay

In related news, CFO Stephen J. Priest sold 28,060 shares of eBay stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the completion of the transaction, the chief financial officer now directly owns 65,080 shares of the company’s stock, valued at $4,413,725.60. This trade represents a 30.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total transaction of $265,423.48. Following the transaction, the senior vice president now directly owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,755 shares of company stock valued at $12,943,715 in the last ninety days. Insiders own 0.38% of the company’s stock.

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.