Morningstar Investment Services LLC Sells 40,057 Shares of eBay Inc. (NASDAQ:EBAY)

Morningstar Investment Services LLC reduced its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 51.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,724 shares of the e-commerce company's stock after selling 40,057 shares during the quarter. Morningstar Investment Services LLC's holdings in eBay were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in eBay in the fourth quarter valued at approximately $27,000. Abound Financial LLC purchased a new position in shares of eBay during the first quarter worth approximately $29,000. Pinney & Scofield Inc. purchased a new position in shares of eBay during the fourth quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in shares of eBay during the fourth quarter worth approximately $33,000. Finally, Transce3nd LLC purchased a new position in shares of eBay during the fourth quarter worth approximately $36,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In other eBay news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total transaction of $1,825,935.86. Following the transaction, the senior vice president owned 44,413 shares in the company, valued at approximately $3,436,677.94. This represents a 34.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jamie Iannone sold 12,644 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $79.06, for a total transaction of $999,634.64. Following the transaction, the chief executive officer owned 325,053 shares in the company, valued at $25,698,690.18. This represents a 3.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 347,222 shares of company stock worth $25,143,522. Company insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

EBAY has been the topic of several research reports. Evercore ISI lifted their price target 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. Cfra Research raised shares of eBay to a "moderate buy" rating in a research note on Thursday, June 5th. Citizens Jmp raised shares of eBay to a "hold" rating in a research note on Thursday, July 10th. Wedbush reissued a "neutral" rating and set a $72.00 price target on shares of eBay in a research note on Wednesday, June 11th. Finally, Stifel Nicolaus raised their target price on shares of eBay from $61.00 to $62.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, eBay presently has an average rating of "Hold" and a consensus price target of $68.38.

eBay Stock Up 0.9%

eBay stock traded up $0.72 on Monday, hitting $78.86. 1,835,811 shares of the stock traded hands, compared to its average volume of 5,059,540. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.16. The firm has a market cap of $36.35 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 2.18 and a beta of 1.26. The business's fifty day simple moving average is $75.13 and its 200 day simple moving average is $69.55. eBay Inc. has a 1 year low of $53.10 and a 1 year high of $79.84.

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

eBay Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, May 30th. eBay's dividend payout ratio is currently 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.