ProShare Advisors LLC cut its position in eBay Inc. (NASDAQ:EBAY – Free Report) by 8.4% during the second quarter, Holdings Channel reports. The firm owned 666,605 shares of the e-commerce company’s stock after selling 61,484 shares during the period. ProShare Advisors LLC’s holdings in eBay were worth $29,791,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of EBAY. Clarius Group LLC boosted its position in eBay by 2.6% in the second quarter. Clarius Group LLC now owns 9,696 shares of the e-commerce company’s stock valued at $433,000 after buying an additional 247 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of eBay by 0.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,994 shares of the e-commerce company’s stock valued at $4,082,000 after acquiring an additional 266 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of eBay by 42.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 982 shares of the e-commerce company’s stock worth $44,000 after acquiring an additional 291 shares during the period. O Brien Greene & Co. Inc increased its stake in shares of eBay by 2.0% in the first quarter. O Brien Greene & Co. Inc now owns 15,562 shares of the e-commerce company’s stock worth $690,000 after acquiring an additional 300 shares during the period. Finally, BDO Wealth Advisors LLC raised its holdings in shares of eBay by 47.1% during the second quarter. BDO Wealth Advisors LLC now owns 952 shares of the e-commerce company’s stock worth $43,000 after purchasing an additional 305 shares during the last quarter. 85.87% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on EBAY shares. Truist Financial cut their price target on eBay from $54.00 to $47.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. Benchmark dropped their target price on eBay from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Wells Fargo & Company decreased their price target on eBay from $46.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, November 8th. JPMorgan Chase & Co. cut their target price on shares of eBay from $49.00 to $48.00 in a report on Thursday, July 27th. Finally, Bank of America lowered their price target on shares of eBay from $54.00 to $52.00 in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.47.
eBay Stock Down 1.7 %
Shares of NASDAQ EBAY opened at $39.45 on Tuesday. The company has a market capitalization of $20.99 billion, a P/E ratio of 7.80, a P/E/G ratio of 2.10 and a beta of 1.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.16 and a quick ratio of 2.16. The company has a 50 day simple moving average of $41.67 and a 200-day simple moving average of $43.66. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $52.23.
eBay (NASDAQ:EBAY – Get Free Report) last posted its earnings results on Tuesday, November 7th. The e-commerce company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.03. eBay had a return on equity of 32.03% and a net margin of 26.99%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that eBay Inc. will post 3.3 earnings per share for the current year.
eBay Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.25 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.53%. eBay’s payout ratio is currently 19.76%.
Insiders Place Their Bets
In other news, SVP Cornelius Boone sold 4,891 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $43.63, for a total value of $213,394.33. Following the sale, the senior vice president now directly owns 49,845 shares of the company’s stock, valued at approximately $2,174,737.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is currently owned by insiders.
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, and sell various products. The company was founded in 1995 and is headquartered in San Jose, California.
- Five stocks we like better than eBay
- Investing in Commodities: What Are They? How to Invest in Them
- Safeguard your portfolio with these three bargain stocks
- Quiet Period Expirations Explained
- Membership clubs gain leverage for the consumer rebound
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Advanced Auto Parts may be worth more in pieces than the whole
Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.