eBay Inc. (NASDAQ:EBAY) Stake Lifted by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. increased its stake in eBay Inc. (NASDAQ:EBAYGet Rating) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,830 shares of the e-commerce company’s stock after acquiring an additional 1,058 shares during the period. GW Henssler & Associates Ltd.’s holdings in eBay were worth $251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EBAY. CoreCap Advisors LLC bought a new stake in eBay during the second quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its holdings in eBay by 78.2% during the second quarter. EverSource Wealth Advisors LLC now owns 672 shares of the e-commerce company’s stock worth $28,000 after buying an additional 295 shares in the last quarter. Curi Wealth Management LLC boosted its holdings in eBay by 2,345.9% during the second quarter. Curi Wealth Management LLC now owns 905 shares of the e-commerce company’s stock worth $38,000 after buying an additional 868 shares in the last quarter. CX Institutional bought a new stake in eBay during the second quarter worth approximately $41,000. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new stake in eBay during the second quarter worth approximately $42,000. 85.51% of the stock is currently owned by institutional investors.

eBay Stock Performance

Shares of eBay stock opened at $46.69 on Wednesday. The company’s 50 day moving average price is $43.88 and its 200-day moving average price is $43.24. eBay Inc. has a 52-week low of $35.92 and a 52-week high of $60.65. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.33 and a current ratio of 1.33.

eBay (NASDAQ:EBAYGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The e-commerce company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.31 billion. eBay had a return on equity of 29.43% and a net margin of 0.28%. On average, sell-side analysts forecast that eBay Inc. will post 3.35 EPS for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Thursday, December 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, November 30th. eBay’s dividend payout ratio is presently -800.00%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EBAY. Citigroup initiated coverage on shares of eBay in a report on Tuesday, December 13th. They set a “neutral” rating and a $47.00 target price for the company. Moffett Nathanson initiated coverage on shares of eBay in a research report on Tuesday, November 15th. They issued a “market perform” rating and a $44.00 price target for the company. Robert W. Baird reduced their price target on shares of eBay from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, November 3rd. Barclays reduced their price target on shares of eBay from $59.00 to $56.00 and set an “overweight” rating for the company in a research report on Thursday, November 3rd. Finally, Jefferies Financial Group reduced their price target on shares of eBay from $52.00 to $42.00 and set a “hold” rating for the company in a research report on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, eBay presently has a consensus rating of “Hold” and an average price target of $50.89.

Insider Buying and Selling

In other news, CAO Brian J. Doerger sold 9,542 shares of the company’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $44.12, for a total transaction of $420,993.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Brian J. Doerger sold 9,542 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $44.12, for a total transaction of $420,993.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian J. Doerger sold 4,311 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $41.89, for a total value of $180,587.79. Following the completion of the sale, the chief accounting officer now owns 9,542 shares in the company, valued at approximately $399,714.38. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by company insiders.

eBay Profile

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eBay Inc operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company's Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps. Its platforms enable users to list, buy, sell, and pay for items through various online, mobile, and offline channels that include retailers, distributors, liquidators, import and export companies, auctioneers, catalog and mail-order companies, directories, search engines, commerce participants, shopping channels, and networks.

Further Reading

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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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