Lake Street Advisors Group LLC Has $709,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Lake Street Advisors Group LLC decreased its stake in eBay Inc. (NASDAQ:EBAY) by 2.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,886 shares of the e-commerce company’s stock after selling 274 shares during the period. Lake Street Advisors Group LLC’s holdings in eBay were worth $709,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EBAY. Park Avenue Securities LLC grew its stake in eBay by 6.3% during the first quarter. Park Avenue Securities LLC now owns 10,557 shares of the e-commerce company’s stock worth $557,000 after buying an additional 623 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in eBay during the 1st quarter worth approximately $1,006,000. Kathmere Capital Management LLC acquired a new stake in eBay during the 1st quarter valued at $436,000. Founders Financial Securities LLC bought a new position in eBay in the 1st quarter valued at $311,000. Finally, Optas LLC boosted its stake in eBay by 1.9% in the first quarter. Optas LLC now owns 33,758 shares of the e-commerce company’s stock worth $1,782,000 after purchasing an additional 621 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of a number of research reports. Morgan Stanley raised their target price on eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday. Susquehanna raised their price objective on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Jefferies Financial Group upped their target price on shares of eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday. Daiwa America raised shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Finally, Benchmark upped their price objective on eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.14.

eBay Price Performance

eBay stock opened at $63.10 on Friday. The firm has a market capitalization of $31.68 billion, a P/E ratio of 12.57, a PEG ratio of 2.59 and a beta of 1.32. The business has a 50-day moving average of $62.56 and a 200-day moving average of $56.33. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $67.80.

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

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, August 30th. eBay’s payout ratio is presently 21.51%.

Insiders Place Their Bets

In other news, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the transaction, the chief financial officer now owns 65,079 shares in the company, valued at $4,336,213.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $66.09, for a total transaction of $371,756.25. Following the completion of the transaction, the chief executive officer now directly owns 559,291 shares of the company’s stock, valued at approximately $36,963,542.19. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,391 shares of company stock worth $2,678,424. Corporate insiders own 0.38% of the company’s stock.

eBay 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.