Sequoia Financial Advisors LLC Raises Holdings in eBay Inc. (NASDAQ:EBAY)

Sequoia Financial Advisors LLC grew its position in eBay Inc. (NASDAQ:EBAY) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,101 shares of the e-commerce company’s stock after buying an additional 643 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in eBay were worth $918,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of eBay during the 2nd quarter worth $26,000. Tortoise Investment Management LLC lifted its stake in shares of eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares during the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of eBay during the 2nd quarter worth $29,000. Washington Trust Advisors Inc. purchased a new stake in eBay in the first quarter valued at about $30,000. Finally, LRI Investments LLC purchased a new stake in eBay in the first quarter valued at about $29,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Performance

EBAY opened at $63.10 on Friday. The stock has a market cap of $31.68 billion, a P/E ratio of 12.57, a P/E/G ratio of 2.59 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50 day simple moving average is $62.56 and its 200 day simple moving average is $56.33. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $67.80.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. As a group, equities analysts anticipate that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s payout ratio is currently 21.51%.

Insiders Place Their Bets

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total value of $371,756.25. Following the completion of the transaction, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,391 shares of company stock valued at $2,678,424 in the last quarter. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EBAY shares. Jefferies Financial Group increased their price target on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday. Citigroup increased their price target on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. UBS Group increased their price target on eBay from $59.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday. Susquehanna increased their price target on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Daiwa America upgraded eBay to a “hold” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.14.

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.