Schonfeld Strategic Advisors LLC Cuts Stake in eBay Inc. (NASDAQ:EBAY)

Schonfeld Strategic Advisors LLC decreased its stake in eBay Inc. (NASDAQ:EBAY - Free Report) by 81.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,076 shares of the e-commerce company's stock after selling 34,429 shares during the period. Schonfeld Strategic Advisors LLC's holdings in eBay were worth $500,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of EBAY. Golden State Wealth Management LLC acquired a new stake in shares of eBay during the fourth quarter valued at about $27,000. New Wave Wealth Advisors LLC bought a new position in shares of eBay during the fourth quarter worth about $36,000. Transce3nd LLC acquired a new position in eBay in the fourth quarter worth about $36,000. Lee Danner & Bass Inc. bought a new stake in eBay in the fourth quarter valued at about $40,000. Finally, Washington Trust Advisors Inc. raised its stake in eBay by 37.8% during the fourth quarter. Washington Trust Advisors Inc. now owns 839 shares of the e-commerce company's stock valued at $52,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company's stock.

Insider Buying and Selling

In other eBay news, CEO Jamie Iannone sold 10,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $69.83, for a total transaction of $698,300.00. Following the transaction, the chief executive officer now directly owns 570,754 shares of the company's stock, valued at $39,855,751.82. This represents a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,958 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the sale, the senior vice president now owns 94,392 shares of the company's stock, valued at approximately $6,329,927.52. This trade represents a 4.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,685 shares of company stock worth $4,121,245. Insiders own 0.38% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on EBAY shares. UBS Group lifted their target price on eBay from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. JMP Securities reissued a "market perform" rating on shares of eBay in a report on Thursday, May 1st. Barclays lifted their price target on shares of eBay from $72.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Sanford C. Bernstein lowered shares of eBay from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Finally, Evercore ISI raised their target price on eBay from $63.00 to $69.00 and gave the company an "in-line" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $67.32.

eBay Stock Performance

EBAY stock opened at $69.51 on Friday. The stock has a market cap of $32.04 billion, a P/E ratio of 17.46, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day simple moving average of $66.25 and a 200 day simple moving average of $65.21. eBay Inc. has a 52 week low of $51.02 and a 52 week high of $71.61.

eBay (NASDAQ:EBAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to analysts' expectations of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. eBay's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. Research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. eBay's payout ratio is 27.62%.

About eBay

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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