eBay Inc. (NASDAQ:EBAY) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC trimmed its position in eBay Inc. (NASDAQ:EBAY - Free Report) by 96.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,053 shares of the e-commerce company's stock after selling 29,388 shares during the quarter. Catalyst Capital Advisors LLC's holdings in eBay were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Orion Capital Management LLC purchased a new position in eBay during the 4th quarter valued at about $27,000. Pinney & Scofield Inc. purchased a new position in eBay during the 4th quarter valued at about $31,000. Itau Unibanco Holding S.A. purchased a new position in eBay during the 4th quarter valued at about $33,000. Transce3nd LLC purchased a new position in shares of eBay during the fourth quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. purchased a new position in shares of eBay during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

eBay Trading Up 0.7%

Shares of EBAY traded up $0.56 during trading hours on Friday, reaching $76.34. 2,162,941 shares of the company traded hands, compared to its average volume of 5,047,638. The firm has a market cap of $35.19 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.13 and a beta of 1.26. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. eBay Inc. has a 12-month low of $52.15 and a 12-month high of $79.84. The stock's fifty day moving average price is $73.53 and its 200 day moving average price is $68.56.

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

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.52%. eBay's dividend payout ratio is currently 27.62%.

Insider Buying and Selling

In related news, SVP Julie A. Loeger sold 92,895 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $72.06, for a total transaction of $6,694,013.70. Following the completion of the sale, the senior vice president directly owned 123,282 shares in the company, valued at $8,883,700.92. This represents a 42.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $75.04, for a total transaction of $1,666,413.28. Following the sale, the senior vice president directly owned 22,206 shares of the company's stock, valued at approximately $1,666,338.24. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 326,183 shares of company stock valued at $23,490,942. Company insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EBAY shares. Sanford C. Bernstein cut eBay from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Barclays boosted their price target on shares of eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Cantor Fitzgerald boosted their price target on shares of eBay from $65.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Piper Sandler upped their target price on eBay from $70.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Daiwa Capital Markets raised eBay from a "neutral" rating to a "buy" rating and set a $70.00 price target on the stock in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $67.85.

About eBay

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.