J. Goldman & Co LP Trims Stock Holdings in eBay Inc. (NASDAQ:EBAY)

J. Goldman & Co LP lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 29.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 863,678 shares of the e-commerce company's stock after selling 367,158 shares during the quarter. eBay comprises 1.4% of J. Goldman & Co LP's portfolio, making the stock its 6th largest holding. J. Goldman & Co LP owned approximately 0.18% of eBay worth $53,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new stake in shares of eBay in the fourth quarter valued at approximately $27,000. Itau Unibanco Holding S.A. bought a new stake in shares of eBay in the fourth quarter valued at approximately $33,000. Transce3nd LLC bought a new stake in shares of eBay in the fourth quarter valued at approximately $36,000. New Wave Wealth Advisors LLC bought a new stake in shares of eBay in the fourth quarter valued at approximately $36,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of eBay in the fourth quarter valued at approximately $40,000. Institutional investors own 87.48% of the company's stock.

eBay Price Performance

Shares of NASDAQ:EBAY traded down $0.02 during midday trading on Wednesday, reaching $69.15. The company's stock had a trading volume of 3,683,686 shares, compared to its average volume of 4,979,235. eBay Inc. has a fifty-two week low of $51.02 and a fifty-two week high of $71.61. The company has a market capitalization of $31.88 billion, a P/E ratio of 17.37, a P/E/G ratio of 2.22 and a beta of 1.30. 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 fifty day simple moving average is $66.30 and its 200-day simple moving average is $65.31.

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

eBay Dividend Announcement

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 given a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.68%. eBay's payout ratio is 27.62%.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 10,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $69.83, for a total transaction of $698,300.00. Following the transaction, the chief executive officer now owns 570,754 shares in the company, valued at approximately $39,855,751.82. This trade represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 1,167 shares of the firm's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $66.21, for a total value of $77,267.07. Following the transaction, the chief financial officer now owns 65,080 shares in the company, valued at approximately $4,308,946.80. This trade 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 worth $12,943,715 over the last three months. 0.38% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EBAY shares. UBS Group increased their price objective on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Monday. Benchmark upped their target price on eBay from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Citigroup cut their target price on eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Piper Sandler upped their target price on eBay from $70.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $67.42.

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.