HighTower Advisors LLC Has $8.11 Million Holdings in eBay Inc. $EBAY

HighTower Advisors LLC lowered its stake in eBay Inc. (NASDAQ:EBAY) by 0.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 119,767 shares of the e-commerce company’s stock after selling 290 shares during the quarter. HighTower Advisors LLC’s holdings in eBay were worth $8,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Orion Capital Management LLC acquired a new position in shares of eBay during the 4th quarter worth about $27,000. Abound Financial LLC acquired a new position in shares of eBay during the 1st quarter worth about $29,000. Pinney & Scofield Inc. acquired a new position in shares of eBay during the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in shares of eBay during the 4th quarter worth about $33,000. Finally, Transce3nd LLC acquired a new position in shares of eBay during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Stock Down 1.7%

Shares of EBAY opened at $99.03 on Tuesday. The firm has a market capitalization of $45.26 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 2.43 and a beta of 1.27. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00. The business’s fifty day moving average price is $81.99 and its two-hundred day moving average price is $73.06. eBay Inc. has a 52 week low of $55.29 and a 52 week high of $101.15.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 30th. The e-commerce company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.07. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.64 billion. eBay had a return on equity of 38.97% and a net margin of 20.86%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.18 EPS. On average, analysts predict that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.2%. eBay’s dividend payout ratio is 25.55%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EBAY. BMO Capital Markets raised eBay from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $70.00 to $102.00 in a research report on Thursday, July 31st. Arete raised eBay from a “sell” rating to a “neutral” rating and set a $91.00 price objective for the company in a research report on Thursday, August 7th. Daiwa America upgraded eBay from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft boosted their price target on eBay from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Needham & Company LLC boosted their price target on eBay from $78.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus target price of $78.19.

Insider Buying and Selling

In other news, CEO Jamie Iannone sold 12,644 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $76.02, for a total value of $961,196.88. Following the transaction, the chief executive officer owned 317,625 shares of the company’s stock, valued at $24,145,852.50. This represents a 3.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $78.67, for a total value of $234,829.95. Following the completion of the transaction, the senior vice president directly owned 92,053 shares in the company, valued at approximately $7,241,809.51. This trade represents a 3.14% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 276,104 shares of company stock worth $22,025,676. Company insiders own 0.64% of the company’s stock.

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.