GTS Securities LLC Sells 51,862 Shares of eBay Inc. (NASDAQ:EBAY)

GTS Securities LLC trimmed its holdings in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 87.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,396 shares of the e-commerce company's stock after selling 51,862 shares during the quarter. GTS Securities LLC's holdings in eBay were worth $458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new position in shares of eBay during the 4th quarter worth approximately $27,000. Orion Capital Management LLC bought a new position in eBay in the 4th quarter valued at approximately $27,000. Itau Unibanco Holding S.A. bought a new position in shares of eBay during the 4th quarter valued at $33,000. Transce3nd LLC bought a new position in shares of eBay during the 4th quarter valued at $36,000. Finally, New Wave Wealth Advisors LLC bought a new position in shares of eBay during the 4th quarter valued at $36,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other eBay news, SVP Cornelius Boone sold 3,958 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total transaction of $265,423.48. Following the completion of the transaction, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total transaction of $1,903,029.20. Following the transaction, the chief financial officer now owns 65,080 shares of the company's stock, valued at approximately $4,413,725.60. The trade was a 30.13% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 280,650 shares of company stock valued at $19,637,729. 0.64% of the stock is owned by company insiders.

eBay Trading Up 0.6%

Shares of NASDAQ EBAY traded up $0.41 during mid-day trading on Friday, hitting $73.15. The company's stock had a trading volume of 8,557,956 shares, compared to its average volume of 4,957,541. The stock has a market cap of $33.72 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth 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. eBay Inc. has a one year low of $51.72 and a one year high of $73.34. The company's fifty day simple moving average is $67.76 and its 200-day simple moving average is $66.27.

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 19.68% and a return on equity of 30.97%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the company posted $1.25 EPS. The business's quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.59%. eBay's dividend payout ratio (DPR) is 27.62%.

Analyst Ratings Changes

A number of brokerages have issued reports on EBAY. Sanford C. Bernstein lowered eBay from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price target on eBay from $54.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Daiwa Capital Markets raised shares of eBay from a "neutral" rating to a "buy" rating and set a $70.00 price objective for the company in a research note on Monday, May 12th. Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Finally, BMO Capital Markets lifted their price objective on shares of eBay from $59.00 to $63.00 and gave the company a "market perform" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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.