Clifford Swan Investment Counsel LLC Sells 10,030 Shares of eBay Inc. (NASDAQ:EBAY)

Clifford Swan Investment Counsel LLC lessened its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,021 shares of the e-commerce company's stock after selling 10,030 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in eBay were worth $12,396,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. HighPoint Advisor Group LLC grew its position in eBay by 13.2% in the first quarter. HighPoint Advisor Group LLC now owns 4,418 shares of the e-commerce company's stock worth $297,000 after buying an additional 514 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in eBay by 2.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 36,959 shares of the e-commerce company's stock worth $2,503,000 after buying an additional 772 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in eBay by 1.8% in the first quarter. Atlantic Union Bankshares Corp now owns 51,873 shares of the e-commerce company's stock worth $3,513,000 after buying an additional 931 shares during the last quarter. IFP Advisors Inc boosted its stake in eBay by 59.6% in the 1st quarter. IFP Advisors Inc now owns 3,857 shares of the e-commerce company's stock worth $261,000 after purchasing an additional 1,440 shares during the period. Finally, AustralianSuper Pty Ltd boosted its stake in eBay by 39.9% in the 1st quarter. AustralianSuper Pty Ltd now owns 1,701,646 shares of the e-commerce company's stock worth $115,252,000 after purchasing an additional 485,006 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

eBay Price Performance

Shares of eBay stock traded up $0.83 during trading on Thursday, hitting $82.76. 2,405,970 shares of the company's stock traded hands, compared to its average volume of 5,396,319. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.17. The firm's fifty day moving average price is $75.84 and its 200 day moving average price is $69.84. eBay Inc. has a twelve month low of $53.10 and a twelve month high of $82.95. The company has a market cap of $38.15 billion, a PE ratio of 19.71, a PEG ratio of 2.28 and a beta of 1.26.

eBay (NASDAQ:EBAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. eBay had a net margin of 19.78% and a return on equity of 36.60%. The business had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis. Analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.16 annualized dividend and a yield of 1.40%. eBay's dividend payout ratio is presently 27.62%.

Insider Buying and Selling at eBay

In related news, CEO Jamie Iannone sold 10,974 shares of eBay stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total transaction of $831,280.50. Following the sale, the chief executive officer directly owned 306,651 shares in the company, valued at $23,228,813.25. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cornelius Boone sold 2,985 shares of eBay stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $78.67, for a total transaction of $234,829.95. Following the sale, the senior vice president owned 92,053 shares in the company, valued at approximately $7,241,809.51. This represents a 3.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 347,222 shares of company stock valued at $25,143,522 in the last quarter. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EBAY shares. Evercore ISI raised their price objective on shares of eBay from $63.00 to $69.00 and gave the stock an "in-line" rating in a research note on Thursday, May 1st. Sanford C. Bernstein lowered shares of eBay from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Truist Financial lifted their target price on shares of eBay from $62.00 to $68.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Finally, Morgan Stanley reissued an "overweight" rating and set a $81.00 target price (up previously from $74.00) on shares of eBay in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $69.42.

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.