Lodestone Wealth Management LLC Has $1.49 Million Position in eBay Inc. (NASDAQ:EBAY)

Lodestone Wealth Management LLC lowered its position in eBay Inc. (NASDAQ:EBAY) by 17.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,999 shares of the e-commerce company’s stock after selling 4,723 shares during the period. Lodestone Wealth Management LLC’s holdings in eBay were worth $1,490,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EBAY. Orion Capital Management LLC acquired a new position in eBay in the fourth quarter worth $27,000. Pinney & Scofield Inc. acquired a new stake in shares of eBay in the fourth quarter valued at $31,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay in the fourth quarter valued at about $33,000. Transce3nd LLC acquired a new position in eBay during the 4th quarter worth about $36,000. Finally, Ameriflex Group Inc. bought a new stake in eBay during the 4th quarter worth about $38,000. 87.48% of the stock is owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of eBay stock opened at $75.78 on Thursday. The stock’s fifty day simple moving average is $73.18 and its 200 day simple moving average is $68.36. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $34.93 billion, a PE ratio of 18.04, a PEG ratio of 2.13 and a beta of 1.26. eBay Inc. has a 12 month low of $52.14 and a 12 month high of $79.84.

eBay (NASDAQ:EBAY) last announced its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a return on equity of 36.60% and a net margin of 19.78%. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, research analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.53%. eBay’s payout ratio is 27.62%.

Insider Buying and Selling at eBay

In other eBay news, SVP Julie A. Loeger sold 92,895 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the transaction, the senior vice president owned 123,282 shares in the company, valued at approximately $8,883,700.92. This represents a 42.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total value of $1,825,935.86. Following the completion of the sale, the senior vice president owned 44,413 shares in the company, valued at approximately $3,436,677.94. This trade represents a 34.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 280,358 shares of company stock valued at $20,032,051 over the last quarter. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EBAY shares. JMP Securities reaffirmed a “market perform” rating on shares of eBay in a research note on Thursday, May 1st. Susquehanna raised their price target on shares of eBay from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Citigroup reduced their price objective on eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Needham & Company LLC increased their price objective on eBay from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, Morgan Stanley lifted their target price on eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $67.85.

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.