EP Wealth Advisors LLC Sells 164 Shares of eBay Inc. (NASDAQ:EBAY)

EP Wealth Advisors LLC cut its stake in shares of eBay Inc. (NASDAQ:EBAY) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,632 shares of the e-commerce company’s stock after selling 164 shares during the quarter. EP Wealth Advisors LLC’s holdings in eBay were worth $1,340,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EBAY. Golden State Wealth Management LLC bought a new position in eBay during the 4th quarter valued at about $27,000. Itau Unibanco Holding S.A. acquired a new stake in shares of eBay during the fourth quarter worth approximately $33,000. Transce3nd LLC bought a new position in shares of eBay in the fourth quarter valued at approximately $36,000. New Wave Wealth Advisors LLC bought a new stake in eBay during the 4th quarter worth approximately $36,000. Finally, Lee Danner & Bass Inc. acquired a new stake in eBay during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Down 1.5 %

NASDAQ:EBAY opened at $69.51 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. The business’s 50-day simple moving average is $66.25 and its 200-day simple moving average is $65.19. eBay Inc. has a fifty-two week low of $50.43 and a fifty-two week high of $71.61. The stock has a market capitalization of $32.04 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.04. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.67%. eBay’s payout ratio is presently 27.62%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Stifel Nicolaus increased their target price on eBay from $61.00 to $62.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Morgan Stanley increased their price objective on shares of eBay from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. BMO Capital Markets boosted their target price on shares of eBay from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Thursday, February 27th. Truist Financial raised their price target on shares of eBay from $62.00 to $68.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Finally, Sanford C. Bernstein downgraded eBay from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $70.00 to $65.00 in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.32.

Insider Activity at eBay

In other news, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now directly owns 94,392 shares in the company, valued at $6,329,927.52. This trade represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jamie Iannone sold 10,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $69.83, for a total transaction of $698,300.00. Following the completion of the sale, the chief executive officer now directly owns 570,754 shares in the company, valued at approximately $39,855,751.82. This represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,685 shares of company stock valued at $4,121,245. 0.38% of the stock is owned by insiders.

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.