eBay Inc. (NASDAQ:EBAY) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,100,421 shares of the e-commerce company’s stock after purchasing an additional 46,239 shares during the period. Rhumbline Advisers’ holdings in eBay were worth $59,115,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the 2nd quarter worth about $26,000. LRI Investments LLC purchased a new position in shares of eBay in the first quarter worth approximately $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of eBay during the second quarter valued at approximately $29,000. Washington Trust Advisors Inc. purchased a new stake in shares of eBay in the 1st quarter valued at approximately $30,000. Finally, Jones Financial Companies Lllp boosted its stake in eBay by 73.5% in the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 310 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In other news, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $53.62, for a total value of $111,690.46. Following the transaction, the chief accounting officer now directly owns 4,109 shares in the company, valued at $220,324.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other eBay news, SVP Edward O. Garcia sold 986 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the transaction, the chief accounting officer now owns 4,109 shares in the company, valued at approximately $220,324.58. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

eBay Trading Up 0.3 %

NASDAQ:EBAY opened at $58.95 on Thursday. The company’s 50 day moving average is $55.46 and its 200-day moving average is $52.71. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $59.85. The firm has a market cap of $29.59 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 2.30 and a beta of 1.31.

eBay Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s dividend payout ratio is 21.51%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EBAY shares. Benchmark boosted their target price on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group upped their price target on eBay from $38.00 to $46.00 and gave the company a “sell” rating in a research report on Friday, August 2nd. Truist Financial increased their price objective on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Citigroup lifted their target price on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Evercore ISI increased their price target on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.65.

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.