eBay Inc. (NASDAQ:EBAY) Stake Lessened by Everett Harris & Co. CA

Everett Harris & Co. CA decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 15.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,235 shares of the e-commerce company’s stock after selling 2,285 shares during the quarter. Everett Harris & Co. CA’s holdings in eBay were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in eBay during the 2nd quarter valued at about $26,000. Tortoise Investment Management LLC increased its stake in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 465 shares during the period. LRI Investments LLC purchased a new stake in eBay in the 1st quarter worth approximately $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of eBay during the 2nd quarter valued at $29,000. Finally, Washington Trust Advisors Inc. purchased a new position in shares of eBay during the 1st quarter valued at $30,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EBAY. Citigroup increased their price objective on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. assumed coverage on eBay in a research note on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price target for the company. The Goldman Sachs Group increased their price objective on eBay from $46.00 to $55.00 and gave the stock a “sell” rating in a report on Tuesday, October 15th. Benchmark raised their price objective on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Truist Financial boosted their target price on shares of eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.10.

eBay Price Performance

NASDAQ:EBAY opened at $64.95 on Friday. The company has a market capitalization of $32.60 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.59 and a beta of 1.32. The company has a 50-day moving average of $61.93 and a 200-day moving average of $56.03. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $67.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. As a group, equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.66%. eBay’s payout ratio is presently 21.51%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the sale, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total value of $371,756.25. Following the sale, the chief executive officer now owns 559,291 shares in the company, valued at $36,963,542.19. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,391 shares of company stock valued at $2,678,424. 0.38% of the stock is currently owned by company insiders.

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.