eBay Inc. (NASDAQ:EBAY) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 96.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,365 shares of the e-commerce company's stock after selling 1,312,306 shares during the quarter. Brown Advisory Inc.'s holdings in eBay were worth $3,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Capital Management LLC acquired a new position in shares of eBay in the 4th quarter valued at about $27,000. Abound Financial LLC acquired a new position in shares of eBay in the 1st quarter valued at about $29,000. Pinney & Scofield Inc. acquired a new position in eBay in the 4th quarter worth about $31,000. Itau Unibanco Holding S.A. acquired a new position in eBay in the 4th quarter worth about $33,000. Finally, Transce3nd LLC acquired a new position in eBay in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling

In other news, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $75.04, for a total value of $1,666,413.28. Following the sale, the senior vice president directly owned 22,206 shares in the company, valued at approximately $1,666,338.24. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jamie Iannone sold 10,974 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $75.75, for a total value of $831,280.50. Following the completion of the sale, the chief executive officer owned 306,651 shares in the company, valued at approximately $23,228,813.25. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 326,183 shares of company stock valued at $23,490,942 in the last three months. 0.64% of the stock is currently owned by insiders.

eBay Stock Down 0.1%

NASDAQ:EBAY opened at $77.11 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. The stock's fifty day moving average is $74.41 and its two-hundred day moving average is $68.99. eBay Inc. has a 52 week low of $53.10 and a 52 week high of $79.84. The stock has a market capitalization of $35.55 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.16 and a beta of 1.26.

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

eBay Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Friday, May 30th. eBay's dividend payout ratio (DPR) is 27.62%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EBAY. Daiwa America raised eBay from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. JMP Securities reaffirmed a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Wells Fargo & Company upped their price target on eBay from $63.00 to $66.00 and gave the stock an "equal weight" rating in a report on Monday, June 30th. Robert W. Baird upped their price target on eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Morgan Stanley upped their price target on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, eBay presently has an average rating of "Hold" and a consensus price target of $68.12.

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.

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