RHS Financial LLC acquired a new stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,163 shares of the e-commerce company’s stock, valued at approximately $459,000.
A number of other hedge funds have also recently modified their holdings of the business. CWM LLC grew its position in shares of eBay by 0.7% during the 2nd quarter. CWM LLC now owns 24,455 shares of the e-commerce company’s stock valued at $1,821,000 after acquiring an additional 182 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of eBay by 23.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 125,144 shares of the e-commerce company’s stock valued at $9,320,000 after acquiring an additional 23,545 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of eBay during the 2nd quarter valued at $275,000. Hemington Wealth Management grew its position in shares of eBay by 7.7% during the 2nd quarter. Hemington Wealth Management now owns 1,742 shares of the e-commerce company’s stock valued at $129,000 after acquiring an additional 124 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of eBay by 9.5% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 6,736 shares of the e-commerce company’s stock valued at $502,000 after acquiring an additional 585 shares during the period. Institutional investors own 87.48% of the company’s stock.
eBay Stock Down 1.8%
EBAY opened at $88.55 on Monday. The firm has a 50-day simple moving average of $93.06 and a two-hundred day simple moving average of $79.84. eBay Inc. has a 52 week low of $56.33 and a 52 week high of $101.15. The company has a market capitalization of $40.47 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.13 and a beta of 1.31. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.05.
eBay Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. eBay’s dividend payout ratio (DPR) is presently 25.55%.
Insider Transactions at eBay
In related news, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total value of $1,729,847.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mazen Rawashdeh sold 1,910 shares of the stock in a transaction dated Wednesday, September 17th. The shares were 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 of the company’s stock, valued at approximately $341,521.44. The trade was a 33.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,949 shares of company stock worth $10,709,691 in the last quarter. Company insiders own 0.64% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on EBAY shares. Wells Fargo & Company upped their target price on shares of eBay from $84.00 to $89.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Cowen reaffirmed a “hold” rating on shares of eBay in a report on Tuesday, July 22nd. Arete raised shares of eBay from a “sell” rating to a “neutral” rating and set a $91.00 target price for the company in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of eBay in a report on Wednesday, October 8th. Finally, Citizens Jmp raised shares of eBay to a “hold” rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, eBay has an average rating of “Hold” and an average price target of $81.29.
Get Our Latest Research Report on EBAY
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.
Further Reading
- Five stocks we like better than eBay
- Pets Are Big Business: 4 Big-Ticket Pet Stocks to Add to Your Portfolio
- Microsoft 365 Premium Marks the Next Phase of AI Monetization
- Overbought Stocks Explained: Should You Trade Them?
- Could Target’s Week of Discounts Come Full Circle for Investors?
- Business Services Stocks Investing
- 3 Reasons to Buy Sprouts Farmers Market Ahead of Earnings
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.