CW Advisors LLC grew its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 5.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,715 shares of the e-commerce company’s stock after purchasing an additional 303 shares during the period. CW Advisors LLC’s holdings in eBay were worth $387,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of EBAY. Marvin & Palmer Associates Inc. purchased a new stake in eBay during the first quarter worth about $2,958,000. Assenagon Asset Management S.A. lifted its position in shares of eBay by 0.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 53,089 shares of the e-commerce company’s stock valued at $3,596,000 after acquiring an additional 246 shares during the period. IFP Advisors Inc boosted its stake in shares of eBay by 59.6% during the 1st quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company’s stock worth $261,000 after acquiring an additional 1,440 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 acquiring an additional 2,095 shares during the period. Finally, National Pension Service increased its stake in eBay by 0.7% in the 1st quarter. National Pension Service now owns 894,594 shares of the e-commerce company’s stock valued at $60,591,000 after purchasing an additional 5,782 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.
eBay Price Performance
EBAY stock opened at $93.67 on Thursday. The stock has a market capitalization of $42.81 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 2.29 and a beta of 1.27. The stock’s fifty day simple moving average is $84.78 and its 200-day simple moving average is $74.44. eBay Inc. has a 52-week low of $56.33 and a 52-week high of $101.15. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 annualized dividend and a yield of 1.2%. eBay’s dividend payout ratio (DPR) is 25.55%.
Insider Activity
In related news, SVP Cornelius Boone sold 2,985 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total transaction of $234,829.95. Following the completion of the sale, the senior vice president directly owned 92,053 shares of the company’s stock, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jamie Iannone sold 10,974 shares of eBay stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total value of $831,280.50. Following the sale, the chief executive officer directly owned 306,651 shares in the company, valued at approximately $23,228,813.25. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 183,209 shares of company stock worth $15,331,663. Company insiders own 0.64% of the company’s stock.
Analyst Ratings Changes
A number of analysts have commented on EBAY shares. Wells Fargo & Company boosted their target price on eBay from $66.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Truist Financial boosted their price objective on shares of eBay from $62.00 to $68.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Piper Sandler raised their target price on shares of eBay from $74.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. BMO Capital Markets upgraded shares of eBay from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $70.00 to $102.00 in a research report on Thursday, July 31st. Finally, Susquehanna upped their price target on shares of eBay from $70.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $78.89.
View Our Latest Stock Analysis on EBAY
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.
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