Bartlett & CO. Wealth Management LLC trimmed its holdings in eBay Inc. (NASDAQ:EBAY – Free Report) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,158 shares of the e-commerce company’s stock after selling 200 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in eBay were worth $533,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of EBAY. Merit Financial Group LLC grew its position in eBay by 25.3% during the 1st quarter. Merit Financial Group LLC now owns 11,658 shares of the e-commerce company’s stock worth $790,000 after purchasing an additional 2,356 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of eBay during the first quarter worth about $269,000. HF Advisory Group LLC increased its position in eBay by 61.9% in the 1st quarter. HF Advisory Group LLC now owns 18,303 shares of the e-commerce company’s stock valued at $1,240,000 after acquiring an additional 7,000 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in eBay by 15.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,813 shares of the e-commerce company’s stock valued at $191,000 after acquiring an additional 380 shares during the period. Finally, Retireful LLC purchased a new stake in eBay during the 1st quarter valued at approximately $299,000. Institutional investors and hedge funds own 87.48% of the company’s stock.
eBay Stock Performance
EBAY opened at $88.40 on Friday. eBay Inc. has a 1-year low of $56.33 and a 1-year high of $101.15. The stock has a market cap of $40.40 billion, a P/E ratio of 19.47, a P/E/G ratio of 2.12 and a beta of 1.31. The stock’s 50 day simple moving average is $92.10 and its 200 day simple moving average is $78.61. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.00 and a quick ratio of 1.00.
eBay Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 29th. eBay’s dividend payout ratio (DPR) is 25.55%.
Insider Activity at eBay
In related news, SVP Mazen Rawashdeh sold 1,910 shares of eBay stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $89.31, for a total transaction of $170,582.10. Following the completion of the transaction, the senior vice president directly owned 3,824 shares in the company, valued at $341,521.44. The trade was a 33.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The disclosure for this sale can be found here. Insiders have sold a total of 111,728 shares of company stock valued at $10,047,092 in the last quarter. 0.64% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on EBAY shares. Arete Research upgraded eBay from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 7th. Needham & Company LLC increased their price target on eBay from $78.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Mizuho initiated coverage on eBay in a report on Monday. They set a “neutral” rating and a $98.00 price target for the company. Robert W. Baird increased their price target on eBay from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Finally, Morgan Stanley increased their price target on eBay from $81.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus price target of $81.11.
View Our Latest Report on EBAY
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.
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