One Wealth Advisors LLC grew its stake in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 23.5% during the second quarter, HoldingsChannel reports. The firm owned 5,761 shares of the e-commerce company’s stock after purchasing an additional 1,095 shares during the quarter. One Wealth Advisors LLC’s holdings in eBay were worth $429,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of EBAY. Impax Asset Management Group plc boosted its stake in shares of eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company’s stock valued at $239,037,000 after purchasing an additional 3,401,198 shares in the last quarter. Nuveen LLC bought a new stake in shares of eBay during the 1st quarter valued at about $202,346,000. Pacer Advisors Inc. boosted its stake in shares of eBay by 5,181.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,196,321 shares of the e-commerce company’s stock valued at $148,757,000 after purchasing an additional 2,154,735 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in eBay by 253.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,763,766 shares of the e-commerce company’s stock valued at $187,191,000 after acquiring an additional 1,981,011 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in eBay by 84.2% during the first quarter. Acadian Asset Management LLC now owns 2,005,141 shares of the e-commerce company’s stock worth $135,773,000 after acquiring an additional 916,596 shares in the last quarter. Institutional investors own 87.48% of the company’s stock.
eBay Trading Down 0.2%
Shares of NASDAQ EBAY opened at $90.95 on Wednesday. The firm’s 50 day moving average price is $91.87 and its 200-day moving average price is $78.41. The company has a market cap of $41.56 billion, a PE ratio of 20.03, a P/E/G ratio of 2.20 and a beta of 1.32. eBay Inc. has a 52-week low of $56.33 and a 52-week high of $101.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.00 and a current ratio of 1.00.
eBay Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 29th. eBay’s payout ratio is presently 25.55%.
Insider Activity
In other news, CEO Jamie Iannone sold 7,221 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $92.33, for a total transaction of $666,714.93. Following the completion of the transaction, the chief executive officer directly owned 246,812 shares of the company’s stock, valued at $22,788,151.96. The trade was a 2.84% 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, SVP Jordan Douglas Bradle Sweetnam sold 22,206 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $77.90, for a total transaction of $1,729,847.40. The disclosure for this sale can be found here. Insiders sold 111,728 shares of company stock valued at $10,047,092 over the last three months. Corporate insiders own 0.64% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Mizuho assumed coverage on shares of eBay in a research note on Monday. They set a “neutral” rating and a $98.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of eBay from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Arete raised shares of eBay from a “sell” rating to a “neutral” rating and set a $91.00 price objective on the stock in a research note on Thursday, August 7th. Bank of America boosted their price objective on shares of eBay from $89.00 to $101.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of eBay from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $81.11.
Get Our Latest Research Report on EBAY
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.
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