U.S. Capital Wealth Advisors LLC Sells 9,477 Shares of eBay Inc. (NASDAQ:EBAY)

U.S. Capital Wealth Advisors LLC decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 32.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,423 shares of the e-commerce company’s stock after selling 9,477 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in eBay were worth $847,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EBAY. M&T Bank Corp grew its position in eBay by 0.6% in the fourth quarter. M&T Bank Corp now owns 48,235 shares of the e-commerce company’s stock worth $2,105,000 after acquiring an additional 284 shares in the last quarter. Savant Capital LLC grew its position in eBay by 2.3% in the fourth quarter. Savant Capital LLC now owns 11,411 shares of the e-commerce company’s stock worth $498,000 after acquiring an additional 262 shares in the last quarter. Brighton Jones LLC grew its position in eBay by 18.2% in the fourth quarter. Brighton Jones LLC now owns 12,093 shares of the e-commerce company’s stock worth $527,000 after acquiring an additional 1,858 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in eBay in the fourth quarter worth about $259,000. Finally, Van ECK Associates Corp boosted its position in shares of eBay by 19.4% during the fourth quarter. Van ECK Associates Corp now owns 68,545 shares of the e-commerce company’s stock valued at $2,990,000 after buying an additional 11,121 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Trading Up 0.5 %

Shares of eBay stock opened at $49.65 on Monday. The firm has a market capitalization of $25.12 billion, a PE ratio of 9.89, a P/E/G ratio of 1.93 and a beta of 1.31. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $52.93. The firm’s 50-day moving average price is $50.81 and its 200 day moving average price is $44.86. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.98.

eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.53 billion. eBay had a net margin of 25.97% and a return on equity of 29.11%. eBay’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.87 EPS. On average, sell-side analysts predict that eBay Inc. will post 3.75 EPS for the current fiscal year.

eBay declared that its board has authorized a share buyback program on Tuesday, February 27th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the e-commerce company to purchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, May 30th. eBay’s dividend payout ratio is presently 21.51%.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 1,165 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $43.03, for a total value of $50,129.95. Following the transaction, the senior vice president now directly owns 31,888 shares of the company’s stock, valued at approximately $1,372,140.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. TD Cowen boosted their target price on eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Thursday. Benchmark restated a “buy” rating and set a $58.00 target price on shares of eBay in a research report on Thursday. The Goldman Sachs Group assumed coverage on eBay in a research report on Wednesday, January 10th. They set a “sell” rating and a $38.00 target price for the company. BMO Capital Markets boosted their target price on eBay from $49.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, February 28th. Finally, Susquehanna lifted their price target on shares of eBay from $43.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, eBay currently has an average rating of “Hold” and a consensus price target of $51.35.

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.