Ethic Inc. lowered its position in eBay Inc. (NASDAQ:EBAY – Free Report) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,297 shares of the e-commerce company’s stock after selling 728 shares during the quarter. Ethic Inc.’s holdings in eBay were worth $9,389,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in EBAY. GAMMA Investing LLC lifted its holdings in eBay by 18.5% in the 1st quarter. GAMMA Investing LLC now owns 12,428 shares of the e-commerce company’s stock worth $842,000 after buying an additional 1,943 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in eBay by 2.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 79,452 shares of the e-commerce company’s stock worth $5,381,000 after buying an additional 2,095 shares in the last quarter. Blue Trust Inc. lifted its holdings in eBay by 47.9% in the 1st quarter. Blue Trust Inc. now owns 2,392 shares of the e-commerce company’s stock worth $162,000 after buying an additional 775 shares in the last quarter. PFG Investments LLC lifted its holdings in eBay by 5.6% in the 1st quarter. PFG Investments LLC now owns 3,796 shares of the e-commerce company’s stock worth $257,000 after buying an additional 203 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in eBay by 1.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 35,639 shares of the e-commerce company’s stock worth $2,414,000 after buying an additional 679 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Price Performance
Shares of NASDAQ:EBAY opened at $95.37 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. eBay Inc. has a fifty-two week low of $56.33 and a fifty-two week high of $101.15. The firm has a 50-day simple moving average of $92.75 and a 200 day simple moving average of $81.09. The company has a market cap of $43.58 billion, a PE ratio of 21.01, a P/E/G ratio of 2.29 and a beta of 1.31.
eBay Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.29 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.2%. eBay’s dividend payout ratio is 25.55%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on EBAY shares. Sanford C. Bernstein upped their target price on shares of eBay from $85.00 to $95.00 and gave the company a “market perform” rating in a research note on Wednesday, October 15th. TD Cowen upped their target price on shares of eBay from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Monday. Needham & Company LLC upped their target price on shares of eBay from $78.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Robert W. Baird upped their target price on shares of eBay from $89.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Finally, Wells Fargo & Company upped their target price on shares of eBay from $84.00 to $89.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, eBay currently has an average rating of “Hold” and an average target price of $86.54.
View Our Latest Stock Report on EBAY
Insider Activity at eBay
In other news, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 246,812 shares in the company, valued at $22,788,151.96. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Cornelius Boone sold 4,439 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 93,392 shares of the company’s stock, valued at $8,361,385.76. This trade represents a 4.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,743 shares of company stock valued at $8,979,844. Insiders own 0.64% 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.
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