Sanctuary Advisors LLC acquired a new stake in eBay Inc. (NASDAQ:EBAY – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 43,581 shares of the e-commerce company’s stock, valued at approximately $4,870,000.
Other institutional investors have also bought and sold shares of the company. Spire Wealth Management increased its holdings in shares of eBay by 29.7% during the 2nd quarter. Spire Wealth Management now owns 489 shares of the e-commerce company’s stock worth $55,000 after buying an additional 112 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in eBay by 4.6% in the second quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company’s stock valued at $312,000 after acquiring an additional 125 shares during the last quarter. Capital Asset Advisory Services LLC lifted its holdings in eBay by 3.3% in the first quarter. Capital Asset Advisory Services LLC now owns 4,035 shares of the e-commerce company’s stock valued at $367,000 after acquiring an additional 129 shares during the last quarter. Harfst & Associates Inc. grew its position in eBay by 0.6% in the fourth quarter. Harfst & Associates Inc. now owns 22,461 shares of the e-commerce company’s stock worth $1,956,000 after acquiring an additional 131 shares during the period. Finally, Commerce Bank grew its position in eBay by 0.5% in the fourth quarter. Commerce Bank now owns 28,313 shares of the e-commerce company’s stock worth $2,466,000 after acquiring an additional 132 shares during the period. 87.48% of the stock is owned by hedge funds and other institutional investors.
eBay Stock Up 2.8%
Shares of NASDAQ EBAY opened at $107.08 on Tuesday. The stock has a market cap of $47.65 billion, a P/E ratio of 22.17, a PEG ratio of 2.51 and a beta of 1.37. The business’s fifty day simple moving average is $110.08 and its 200-day simple moving average is $102.48. eBay Inc. has a 12-month low of $78.03 and a 12-month high of $119.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10.
eBay Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. eBay’s dividend payout ratio is 25.67%.
Insider Buying and Selling
In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 1,014 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $101.39, for a total value of $102,809.46. Following the completion of the sale, the senior vice president owned 35,546 shares in the company, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the sale, the senior vice president owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. This trade represents a 5.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 37,126 shares of company stock worth $4,087,886 in the last quarter. 0.67% of the stock is owned by insiders.
Wall Street Analyst Weigh In
EBAY has been the topic of a number of research analyst reports. Benchmark lifted their target price on eBay from $115.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Mizuho set a $110.00 price target on eBay in a report on Thursday, August 6th. Stifel Nicolaus set a $98.00 price objective on eBay in a research report on Thursday, April 30th. Citizens Jmp lowered shares of eBay from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 4th. Finally, Barclays upped their target price on shares of eBay from $114.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $117.24.
Read Our Latest Stock Analysis on EBAY
eBay Profile
eBay Inc is a global e-commerce company that operates an online marketplace connecting individual consumers and businesses for the sale and purchase of new, used and collectible goods. Founded in 1995 by Pierre Omidyar and headquartered in San Jose, California, eBay grew from its early auction-style site into a diversified platform offering both auction-format listings and fixed-price “Buy It Now” transactions. The company completed an initial public offering in the late 1990s and has since evolved its platform and services to support a broad range of product categories and buyer preferences.
The company’s core business centers on its marketplace platform, which provides listing, search and transaction capabilities for millions of items across consumer goods, electronics, fashion, collectibles and more.
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