Nisa Investment Advisors LLC Sells 8,814 Shares of eBay Inc. (NASDAQ:EBAY)

Nisa Investment Advisors LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY - Free Report) by 2.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 305,831 shares of the e-commerce company's stock after selling 8,814 shares during the period. Nisa Investment Advisors LLC owned about 0.07% of eBay worth $20,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EBAY. Axxcess Wealth Management LLC raised its stake in eBay by 7.0% during the first quarter. Axxcess Wealth Management LLC now owns 5,308 shares of the e-commerce company's stock valued at $360,000 after buying an additional 348 shares in the last quarter. Greenleaf Trust raised its stake in eBay by 2.0% during the first quarter. Greenleaf Trust now owns 22,609 shares of the e-commerce company's stock valued at $1,531,000 after buying an additional 437 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in eBay by 3.4% during the first quarter. Valeo Financial Advisors LLC now owns 6,480 shares of the e-commerce company's stock valued at $439,000 after buying an additional 213 shares in the last quarter. Garrett Wealth Advisory Group LLC acquired a new stake in eBay during the first quarter valued at approximately $214,000. Finally, Abound Financial LLC acquired a new stake in eBay during the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 87.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. UBS Group upped their price objective on eBay from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Citigroup cut their price objective on eBay from $80.00 to $79.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. increased their price target on eBay from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday. JMP Securities reiterated a "market perform" rating on shares of eBay in a research report on Thursday, May 1st. Finally, Robert W. Baird increased their price target on eBay from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $68.12.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 10,974 shares of eBay stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $75.75, for a total transaction of $831,280.50. Following the completion of the sale, the chief executive officer owned 306,651 shares of the company's stock, valued at approximately $23,228,813.25. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jordan Douglas Bradle Sweetnam sold 22,207 shares of eBay stock in a transaction on Tuesday, July 1st. The shares were 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 of the company's stock, valued at approximately $1,666,338.24. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 326,183 shares of company stock worth $23,490,942 in the last ninety days. Company insiders own 0.64% of the company's stock.

eBay Stock Down 0.1%

Shares of eBay stock traded down $0.11 during midday trading on Friday, hitting $77.11. The company's stock had a trading volume of 3,593,286 shares, compared to its average volume of 5,056,086. The firm has a market capitalization of $35.55 billion, a P/E ratio of 18.36, a PEG ratio of 2.16 and a beta of 1.26. The stock has a 50-day simple moving average of $74.41 and a 200-day simple moving average of $69.02. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. 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 issued 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. The business had revenue of $2.59 billion during the quarter, compared to analysts' expectations of $2.55 billion. eBay had a return on equity of 36.60% and a net margin of 19.78%. eBay's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. As a group, sell-side analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently disclosed 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 was Friday, May 30th. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. eBay's payout ratio is 27.62%.

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.