111 Capital bought a new stake in eBay Inc. (NASDAQ:EBAY – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 7,569 shares of the e-commerce company’s stock, valued at approximately $564,000.
A number of other institutional investors and hedge funds have also modified their holdings of EBAY. Wealth Preservation Advisors LLC bought a new stake in eBay in the first quarter valued at about $26,000. Abound Financial LLC acquired a new stake in shares of eBay in the 1st quarter valued at approximately $29,000. Sierra Ocean LLC boosted its stake in eBay by 84.9% during the 1st quarter. Sierra Ocean LLC now owns 538 shares of the e-commerce company’s stock worth $36,000 after acquiring an additional 247 shares during the last quarter. North Capital Inc. bought a new position in eBay during the 1st quarter worth approximately $38,000. Finally, Rosenberg Matthew Hamilton grew its holdings in eBay by 36.5% during the first quarter. Rosenberg Matthew Hamilton now owns 598 shares of the e-commerce company’s stock valued at $41,000 after purchasing an additional 160 shares during the period. 87.48% of the stock is owned by institutional investors.
eBay Stock Performance
NASDAQ EBAY opened at $92.17 on Monday. The stock has a market cap of $42.12 billion, a PE ratio of 20.30, a P/E/G ratio of 2.23 and a beta of 1.31. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50-day moving average of $92.32 and a 200-day moving average of $78.97. eBay Inc. has a 52-week low of $56.33 and a 52-week high of $101.15.
eBay Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. eBay’s dividend payout ratio is 25.55%.
Insider Buying and Selling at eBay
In other news, SVP Julie A. Loeger sold 75,952 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $93.25, for a total value of $7,082,524.00. Following the sale, the senior vice president directly owned 53,107 shares in the company, valued at approximately $4,952,227.75. This trade represents a 58.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mazen Rawashdeh sold 1,910 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 3,824 shares in the company, 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 a total of 111,728 shares of company stock worth $10,047,092 in the last three months. Company insiders own 0.64% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on EBAY. Arete Research raised shares of eBay from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 7th. Mizuho assumed coverage on eBay in a report on Monday, September 29th. They set a “neutral” rating and a $98.00 target price on the stock. Wall Street Zen lowered eBay from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. BMO Capital Markets upgraded shares of eBay from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $70.00 to $102.00 in a report on Thursday, July 31st. Finally, Robert W. Baird increased their price objective on shares of eBay from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, eBay presently has an average rating of “Hold” and a consensus target price of $81.11.
Read Our Latest Stock Analysis 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.
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