Wealthfront Advisers LLC Has $4.10 Million Position in eBay Inc. (NASDAQ:EBAY)

Wealthfront Advisers LLC increased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 96.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,525 shares of the e-commerce company's stock after purchasing an additional 29,770 shares during the period. Wealthfront Advisers LLC's holdings in eBay were worth $4,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Apollon Wealth Management LLC raised its position in eBay by 20.5% in the first quarter. Apollon Wealth Management LLC now owns 11,889 shares of the e-commerce company's stock worth $805,000 after acquiring an additional 2,021 shares during the period. Hohimer Wealth Management LLC increased its stake in shares of eBay by 0.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 59,414 shares of the e-commerce company's stock worth $4,024,000 after acquiring an additional 167 shares in the last quarter. Sigma Planning Corp bought a new stake in eBay during the 1st quarter valued at about $952,000. Signaturefd LLC boosted its holdings in shares of eBay by 4.4% in the first quarter. Signaturefd LLC now owns 6,912 shares of the e-commerce company's stock worth $468,000 after buying an additional 292 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in eBay by 488.9% during the first quarter. Edgestream Partners L.P. now owns 31,239 shares of the e-commerce company's stock valued at $2,116,000 after purchasing an additional 25,934 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of analyst reports. Daiwa America raised shares of eBay from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 12th. Citigroup reduced their price objective on eBay from $80.00 to $79.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Needham & Company LLC upped their target price on eBay from $72.00 to $78.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Barclays increased their target price on eBay from $72.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Daiwa Capital Markets upgraded eBay from a "neutral" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $68.12.

Insider Buying and Selling

In related news, SVP Jordan Douglas Bradle Sweetnam sold 23,597 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $77.38, for a total value of $1,825,935.86. Following the completion of the sale, the senior vice president directly owned 44,413 shares of the company's stock, valued at $3,436,677.94. The trade was a 34.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Julie A. Loeger sold 127,070 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $69.43, for a total transaction of $8,822,470.10. Following the completion of the sale, the senior vice president owned 123,282 shares in the company, valued at $8,559,469.26. This represents a 50.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 347,222 shares of company stock worth $25,143,522. Corporate insiders own 0.64% of the company's stock.

eBay Stock Performance

eBay stock opened at $76.79 on Friday. eBay Inc. has a 52 week low of $53.10 and a 52 week high of $79.84. The stock has a market cap of $35.40 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.15 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. The stock has a 50 day moving average of $74.96 and a 200-day moving average of $69.34.

eBay (NASDAQ:EBAY - Get Free Report) last announced its quarterly earnings data 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 return on equity of 36.60% and a net margin of 19.78%. The business's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 EPS. On average, analysts expect that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a $0.29 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.51%. eBay's dividend payout ratio (DPR) 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.

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