Private Advisor Group LLC Sells 3,071 Shares of eBay Inc. (NASDAQ:EBAY)

Private Advisor Group LLC lowered its stake in shares of eBay Inc. (NASDAQ:EBAY - Free Report) by 6.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,270 shares of the e-commerce company's stock after selling 3,071 shares during the period. Private Advisor Group LLC's holdings in eBay were worth $2,795,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EBAY. Impax Asset Management Group plc boosted its stake in shares of eBay by 2,536.5% during the 1st quarter. Impax Asset Management Group plc now owns 3,535,290 shares of the e-commerce company's stock valued at $239,037,000 after buying an additional 3,401,198 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company's stock valued at $1,765,148,000 after buying an additional 3,149,934 shares during the period. Independent Franchise Partners LLP boosted its stake in shares of eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company's stock valued at $692,517,000 after buying an additional 2,277,839 shares during the period. Marshall Wace LLP boosted its stake in shares of eBay by 304.2% during the 4th quarter. Marshall Wace LLP now owns 2,105,270 shares of the e-commerce company's stock valued at $130,421,000 after buying an additional 1,584,404 shares during the period. Finally, Bridgewater Associates LP boosted its stake in shares of eBay by 531.1% during the 4th quarter. Bridgewater Associates LP now owns 1,780,737 shares of the e-commerce company's stock valued at $110,317,000 after buying an additional 1,498,566 shares during the period. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Activity

In other news, SVP Julie A. Loeger sold 127,070 shares of eBay stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $69.43, for a total value of $8,822,470.10. Following the completion of the transaction, the senior vice president owned 123,282 shares of the company's stock, valued at $8,559,469.26. This trade represents a 50.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jamie Iannone sold 12,644 shares of eBay 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 completion of the transaction, the chief executive officer directly owned 325,053 shares of the company's stock, valued at approximately $25,698,690.18. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 347,222 shares of company stock valued at $25,143,522 in the last quarter. Company insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Susquehanna upped their price objective on shares of eBay from $65.00 to $70.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. JMP Securities reissued a "market perform" rating on shares of eBay in a research note on Thursday, May 1st. Robert W. Baird raised their price objective on eBay from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of eBay from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Sanford C. Bernstein lowered shares of eBay from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $70.00 to $65.00 in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $69.42.

eBay Stock Down 1.2%

eBay stock traded down $1.02 during mid-day trading on Friday, reaching $81.43. The company's stock had a trading volume of 6,918,770 shares, compared to its average volume of 4,203,957. The company has a market capitalization of $37.54 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.27 and a beta of 1.26. eBay Inc. has a 12 month low of $53.64 and a 12 month high of $83.53. The business's 50 day simple moving average is $76.26 and its 200 day simple moving average is $70.11. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.17 and a current ratio of 1.17.

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

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.