eBay Inc. (NASDAQ:EBAY) Shares Sold by Cypress Capital Group

Cypress Capital Group reduced its holdings in eBay Inc. (NASDAQ:EBAY) by 9.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,951 shares of the e-commerce company’s stock after selling 1,502 shares during the quarter. Cypress Capital Group’s holdings in eBay were worth $803,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares during the last quarter. M&G Plc acquired a new stake in shares of eBay in the first quarter worth $97,557,000. Swedbank AB acquired a new stake in shares of eBay in the first quarter worth $73,777,000. Norges Bank acquired a new stake in shares of eBay in the fourth quarter worth $53,019,000. Finally, Dimensional Fund Advisors LP boosted its position in eBay by 22.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after purchasing an additional 1,141,288 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler reissued an “overweight” rating and set a $64.00 price objective (up previously from $58.00) on shares of eBay in a research report on Thursday, August 1st. Truist Financial boosted their price target on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Daiwa America upgraded eBay to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen lifted their price objective on eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, May 2nd. Finally, Bank of America lifted their price objective on eBay from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. One equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $56.65.

eBay Trading Up 0.3 %

Shares of eBay stock traded up $0.19 on Monday, hitting $59.07. 454,169 shares of the company’s stock traded hands, compared to its average volume of 5,574,950. The firm’s 50-day moving average price is $54.68 and its two-hundred day moving average price is $51.86. The stock has a market capitalization of $29.65 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. eBay Inc. has a one year low of $37.17 and a one year high of $59.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.99.

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 given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s payout ratio is 21.51%.

Insider Buying and Selling at eBay

In other eBay news, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now owns 70,797 shares in the company, valued at approximately $3,837,197.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Rebecca Spencer sold 2,083 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares in the company, valued at approximately $220,324.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Julie A. Loeger sold 7,419 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,488 shares of company stock worth $565,910. 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.