Waldron Private Wealth LLC Boosts Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Waldron Private Wealth LLC increased its position in shares of eBay Inc. (NASDAQ:EBAY) by 20.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,160 shares of the e-commerce company’s stock after buying an additional 864 shares during the period. Waldron Private Wealth LLC’s holdings in eBay were worth $336,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EBAY. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of eBay by 0.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after acquiring an additional 153 shares in the last quarter. Davis Investment Partners LLC raised its holdings in eBay by 0.8% in the 3rd quarter. Davis Investment Partners LLC now owns 23,475 shares of the e-commerce company’s stock worth $1,531,000 after purchasing an additional 180 shares during the period. Quent Capital LLC boosted its position in eBay by 6.8% during the first quarter. Quent Capital LLC now owns 3,173 shares of the e-commerce company’s stock worth $167,000 after purchasing an additional 202 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in eBay by 3.0% in the second quarter. Checchi Capital Advisers LLC now owns 7,547 shares of the e-commerce company’s stock valued at $405,000 after purchasing an additional 219 shares during the period. Finally, Harrington Investments INC increased its position in shares of eBay by 0.6% in the third quarter. Harrington Investments INC now owns 37,385 shares of the e-commerce company’s stock valued at $2,434,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EBAY. Needham & Company LLC reiterated a “buy” rating and set a $72.00 target price on shares of eBay in a research report on Wednesday. Citigroup increased their price objective on shares of eBay from $64.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wolfe Research began coverage on shares of eBay in a research note on Tuesday, July 16th. They set a “peer perform” rating for the company. Benchmark upped their price target on shares of eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley lifted their price objective on eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus price target of $60.19.

eBay Stock Performance

NASDAQ:EBAY opened at $63.67 on Thursday. The company’s 50-day moving average is $62.40 and its two-hundred day moving average is $56.28. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $67.80. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $31.96 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.59 and a beta of 1.32.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. The firm had revenue of $2.57 billion for 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%. Analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio is presently 21.51%.

Insider Buying and Selling

In related news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at approximately $4,336,213.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total value of $77,757.21. Following the completion of the sale, the chief financial officer now owns 65,079 shares in the company, valued at approximately $4,336,213.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is currently owned by insiders.

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.