Foundations Investment Advisors LLC Has $323,000 Stock Position in eBay Inc. (NASDAQ:EBAY)

Foundations Investment Advisors LLC boosted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 13.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,955 shares of the e-commerce company’s stock after purchasing an additional 569 shares during the quarter. Foundations Investment Advisors LLC’s holdings in eBay were worth $323,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of eBay during the second quarter valued at approximately $26,000. Tortoise Investment Management LLC grew its position in 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 in the last quarter. LRI Investments LLC acquired a new stake in eBay during the 1st quarter valued at $29,000. Hobbs Group Advisors LLC purchased a new stake in shares of eBay in the second quarter valued at $29,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of eBay in the first quarter worth $30,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EBAY has been the subject of several research analyst reports. TD Cowen increased their price objective on eBay from $45.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of eBay in a report on Wednesday. Evercore ISI boosted their price objective on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. UBS Group increased their target price on shares of eBay from $59.00 to $72.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of eBay from $55.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.14.

eBay Price Performance

Shares of eBay stock opened at $63.10 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a fifty day simple moving average of $62.56 and a 200-day simple moving average of $56.33. The stock has a market capitalization of $31.68 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 2.59 and a beta of 1.32. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $67.80.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. On average, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. 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 three months. Company insiders own 0.38% of the company’s stock.

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.