eBay Inc. (NASDAQ:EBAY) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 60.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,322 shares of the e-commerce company's stock after selling 33,681 shares during the period. Cresset Asset Management LLC's holdings in eBay were worth $1,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of eBay by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company's stock worth $3,489,000 after buying an additional 1,063 shares in the last quarter. Kestra Investment Management LLC grew its position in shares of eBay by 172.5% during the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company's stock worth $692,000 after buying an additional 7,074 shares in the last quarter. Van ECK Associates Corp grew its position in shares of eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company's stock worth $8,800,000 after buying an additional 139,315 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of eBay by 35.1% during the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company's stock worth $503,000 after buying an additional 2,110 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of eBay during the 4th quarter worth $8,644,000. Institutional investors own 87.48% of the company's stock.

Insider Activity

In other news, CEO Jamie Iannone sold 10,000 shares of eBay stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $69.83, for a total transaction of $698,300.00. Following the completion of the transaction, the chief executive officer now directly owns 570,754 shares of the company's stock, valued at $39,855,751.82. The trade was a 1.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of eBay stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $66.21, for a total transaction of $77,267.07. Following the completion of the sale, the chief financial officer now directly owns 65,080 shares in the company, valued at $4,308,946.80. This represents a 1.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,755 shares of company stock valued at $12,943,715 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EBAY shares. StockNews.com raised eBay from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Piper Sandler raised their price objective on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Truist Financial raised their price objective on eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Wells Fargo & Company raised their price objective on eBay from $62.00 to $63.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Finally, Cantor Fitzgerald raised their price objective on eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, eBay has a consensus rating of "Hold" and a consensus price target of $67.42.

eBay Stock Performance

Shares of NASDAQ:EBAY traded down $0.02 during trading on Wednesday, hitting $69.15. 3,683,686 shares of the stock traded hands, compared to its average volume of 4,979,234. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The company has a market cap of $31.88 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a fifty day moving average price of $66.33 and a two-hundred day moving average price of $65.29. eBay Inc. has a 52-week low of $51.02 and a 52-week high of $71.61.

eBay (NASDAQ:EBAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.04. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. As a group, equities analysts predict that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, May 30th. eBay's dividend payout ratio (DPR) is 27.62%.

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.