Valeo Financial Advisors LLC boosted its stake in eBay Inc. (NASDAQ:EBAY – Free Report) by 19,822.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,290,981 shares of the e-commerce company’s stock after buying an additional 1,284,501 shares during the quarter. Valeo Financial Advisors LLC’s holdings in eBay were worth $96,126,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Simplicity Wealth LLC bought a new position in eBay in the second quarter worth $312,000. Quent Capital LLC increased its stake in shares of eBay by 13.5% in the 2nd quarter. Quent Capital LLC now owns 3,232 shares of the e-commerce company’s stock worth $241,000 after acquiring an additional 385 shares in the last quarter. 111 Capital purchased a new position in eBay during the 2nd quarter valued at about $564,000. QRG Capital Management Inc. boosted its stake in eBay by 161.2% during the second quarter. QRG Capital Management Inc. now owns 401,076 shares of the e-commerce company’s stock worth $29,864,000 after acquiring an additional 247,508 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in eBay in the second quarter worth about $213,000. Institutional investors own 87.48% of the company’s stock.
eBay Trading Up 4.3%
eBay stock opened at $92.17 on Monday. eBay Inc. has a 1 year low of $56.33 and a 1 year high of $101.15. The firm’s 50 day moving average price is $92.32 and its 200-day moving average price is $78.97. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $42.12 billion, a P/E ratio of 20.30, a PEG ratio of 2.23 and a beta of 1.31.
eBay Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. eBay’s dividend payout ratio is presently 25.55%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. BMO Capital Markets raised eBay from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $70.00 to $102.00 in a research report on Thursday, July 31st. Needham & Company LLC increased their target price on eBay from $78.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. President Capital upgraded shares of eBay from a “neutral” rating to a “buy” rating and upped their price target for the stock from $74.00 to $103.00 in a research note on Friday, September 19th. Citizens Jmp raised shares of eBay to a “hold” rating in a research report on Thursday, July 10th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $72.00 target price on shares of eBay in a report on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $81.11.
View Our Latest Report on EBAY
Insider Buying and Selling at eBay
In related news, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $92.33, for a total value of $666,714.93. Following the sale, the chief executive officer owned 246,812 shares in the company, valued at approximately $22,788,151.96. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Cornelius Boone sold 4,439 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $89.53, for a total transaction of $397,423.67. Following the sale, the senior vice president directly owned 93,392 shares in the company, valued at approximately $8,361,385.76. The trade was a 4.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,728 shares of company stock worth $10,047,092 over the last three months. 0.64% of the stock is owned by company insiders.
eBay Company 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.
Featured Articles
- Five stocks we like better than eBay
- Want to Profit on the Downtrend? Downtrends, Explained.
- 3 Defense Stocks Surging as Ukraine Tensions Deepen
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Starbucks Stock Slumps; This Competitor Shows Strength
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- The Trade Desk: 2 Signs of a Comeback, 1 Risk Ahead
Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY – Free Report).
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.