MGO One Seven LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 9.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,289 shares of the e-commerce company’s stock after selling 1,422 shares during the quarter. MGO One Seven LLC’s holdings in eBay were worth $989,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in EBAY. GAMMA Investing LLC increased its stake in shares of eBay by 18.5% in the first quarter. GAMMA Investing LLC now owns 12,428 shares of the e-commerce company’s stock worth $842,000 after acquiring an additional 1,943 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of eBay by 2.7% in the first 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. Sagespring Wealth Partners LLC increased its stake in shares of eBay by 14.0% in the first quarter. Sagespring Wealth Partners LLC now owns 5,752 shares of the e-commerce company’s stock worth $390,000 after acquiring an additional 706 shares during the period. State of Alaska Department of Revenue increased its stake in shares of eBay by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 56,094 shares of the e-commerce company’s stock worth $3,799,000 after acquiring an additional 1,465 shares during the period. Finally, Beacon Capital Management LLC increased its stake in shares of eBay by 157.1% in the first quarter. Beacon Capital Management LLC now owns 666 shares of the e-commerce company’s stock worth $45,000 after acquiring an additional 407 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Stock Performance
EBAY opened at $91.18 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05. The company has a market cap of $41.67 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.19 and a beta of 1.31. eBay Inc. has a 52-week low of $56.33 and a 52-week high of $101.15. The firm’s fifty day simple moving average is $92.91 and its two-hundred day simple moving average is $80.31.
eBay Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. eBay’s dividend payout ratio (DPR) is presently 25.55%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on EBAY shares. Argus reiterated a “hold” rating on shares of eBay in a research note on Thursday, August 14th. Arete Research upgraded shares of eBay from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 7th. UBS Group set a $87.00 price target on shares of eBay in a research report on Thursday, July 31st. Arete upgraded shares of eBay from a “sell” rating to a “neutral” rating and set a $91.00 price target on the stock in a research report on Thursday, August 7th. Finally, Susquehanna raised their price target on shares of eBay from $70.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $84.11.
Check Out Our Latest Research Report on eBay
Insider Activity at eBay
In other eBay news, CEO Jamie Iannone sold 7,221 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $92.33, for a total transaction of $666,714.93. Following the transaction, the chief executive officer directly owned 246,812 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julie A. Loeger sold 75,952 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $93.25, for a total transaction of $7,082,524.00. Following the completion of the transaction, the senior vice president directly owned 53,107 shares in the company, valued at approximately $4,952,227.75. This represents a 58.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 96,743 shares of company stock valued at $8,979,844. 0.64% of the stock is currently owned by company insiders.
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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