ASR Vermogensbeheer N.V. lowered its position in eBay Inc. (NASDAQ:EBAY – Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,416 shares of the e-commerce company’s stock after selling 1,924 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in eBay were worth $6,136,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new position in shares of eBay in the first quarter worth about $26,000. Abound Financial LLC purchased a new stake in shares of eBay during the first quarter worth $29,000. Sierra Ocean LLC boosted its holdings in shares of eBay by 84.9% in the first quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company’s stock worth $36,000 after acquiring an additional 247 shares during the period. North Capital Inc. purchased a new position in shares of eBay in the first quarter valued at $38,000. Finally, Rosenberg Matthew Hamilton grew its position in shares of eBay by 36.5% in the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company’s stock valued at $41,000 after purchasing an additional 160 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.
eBay Price Performance
Shares of eBay stock opened at $92.17 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $42.12 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 2.14 and a beta of 1.31. The company has a fifty day moving average of $92.32 and a 200-day moving average of $78.80. eBay Inc. has a 52-week low of $56.33 and a 52-week high of $101.15.
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 issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 29th. eBay’s dividend payout ratio is currently 25.55%.
Insider Buying and Selling at eBay
In other eBay news, SVP Julie A. Loeger sold 75,952 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $93.25, for a total value of $7,082,524.00. Following the sale, the senior vice president owned 53,107 shares of the company’s stock, valued at $4,952,227.75. This trade represents a 58.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mazen Rawashdeh sold 1,910 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $89.31, for a total transaction of $170,582.10. Following the transaction, the senior vice president directly owned 3,824 shares of the company’s stock, valued at approximately $341,521.44. This trade represents a 33.31% decrease in their ownership of the stock. 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 ninety days. 0.64% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts have commented on EBAY shares. Stifel Nicolaus raised their target price on eBay from $62.00 to $68.00 and gave the stock a “hold” rating in a research note on Tuesday, July 29th. Citizens Jmp raised shares of eBay to a “hold” rating in a report on Thursday, July 10th. Morgan Stanley raised their price target on shares of eBay from $81.00 to $89.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Needham & Company LLC upped their price target on shares of eBay from $78.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on eBay from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $81.11.
View Our Latest Stock Report on EBAY
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.
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