CoreCap Advisors LLC acquired a new position in eBay Inc. (NASDAQ:EBAY – Get Rating) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 617 shares of the e-commerce company's stock, valued at approximately $26,000.
A number of other institutional investors have also made changes to their positions in EBAY. EverSource Wealth Advisors LLC increased its stake in shares of eBay by 78.2% in the second quarter. EverSource Wealth Advisors LLC now owns 672 shares of the e-commerce company's stock worth $28,000 after purchasing an additional 295 shares during the period. Curi Wealth Management LLC grew its position 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 acquired a new stake in eBay during the second quarter worth about $41,000. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in eBay during the second quarter worth about $42,000. Finally, Allworth Financial LP grew its position in eBay by 982.0% during the second quarter. Allworth Financial LP now owns 1,082 shares of the e-commerce company's stock worth $45,000 after buying an additional 982 shares in the last quarter. 87.00% of the stock is currently owned by institutional investors.
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Insider Buying and Selling at eBay
In other eBay news, Director Robert Holmes Swan sold 25,000 shares of the company's stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $40.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the director now owns 155,248 shares in the company, valued at approximately $6,209,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robert Holmes Swan sold 25,000 shares of the business's stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $40.00, for a total value of $1,000,000.00. Following the completion of the transaction, the director now owns 155,248 shares of the company's stock, valued at approximately $6,209,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian J. Doerger sold 4,311 shares of the business's stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $41.89, for a total transaction of $180,587.79. Following the completion of the transaction, the chief accounting officer now directly owns 9,542 shares of the company's stock, valued at approximately $399,714.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,853 shares of company stock worth $1,601,581. Insiders own 0.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on EBAY. Truist Financial decreased their target price on eBay from $60.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, October 24th. UBS Group lifted their target price on eBay from $48.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, August 4th. Benchmark decreased their price objective on eBay from $66.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, November 3rd. Piper Sandler decreased their price objective on eBay from $59.00 to $52.00 and set an "overweight" rating on the stock in a report on Thursday, November 3rd. Finally, Credit Suisse Group decreased their price objective on eBay from $56.00 to $55.00 and set an "outperform" rating on the stock in a report on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $51.12.
eBay Stock Performance
EBAY stock opened at $45.44 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.33 and a quick ratio of 1.33. The company has a 50 day moving average price of $40.59 and a 200 day moving average price of $43.57. eBay Inc. has a fifty-two week low of $35.92 and a fifty-two week high of $72.65. The stock has a market capitalization of $24.66 billion, a PE ratio of -413.09, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25.
eBay (NASDAQ:EBAY – Get Rating) last issued its earnings results on Wednesday, November 2nd. The e-commerce company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.73 by $0.09. The company had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.31 billion. eBay had a net margin of 0.28% and a return on equity of 29.43%. Analysts forecast that eBay Inc. will post 3.35 EPS for the current year.
eBay Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, November 30th. eBay's payout ratio is -800.00%.
About eBay
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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.
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