Team Hewins LLC Sells 265 Shares of eBay Inc. (NASDAQ:EBAY)

Team Hewins LLC lowered its position in eBay Inc. (NASDAQ:EBAY) by 4.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,799 shares of the e-commerce company’s stock after selling 265 shares during the period. Team Hewins LLC’s holdings in eBay were worth $306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC purchased a new stake in shares of eBay in the 4th quarter valued at $25,000. American National Bank lifted its stake in shares of eBay by 200.0% in the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 400 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after acquiring an additional 310 shares during the period. Riverview Trust Co purchased a new stake in eBay during the 1st quarter valued at about $48,000. Finally, Cambridge Trust Co. grew its position in eBay by 135.0% during the 4th quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock worth $51,000 after acquiring an additional 675 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Transactions at eBay

In related news, SVP Marie Oh Huber sold 49,070 shares of eBay stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the transaction, the senior vice president now directly owns 177,391 shares in the company, valued at $8,803,915.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other eBay news, SVP Marie Oh Huber sold 49,070 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.63, for a total transaction of $2,435,344.10. Following the sale, the senior vice president now owns 177,391 shares in the company, valued at approximately $8,803,915.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now directly owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Insiders have sold 59,558 shares of company stock worth $3,001,254 in the last 90 days. 0.38% of the stock is currently owned by insiders.

eBay Stock Up 1.6 %

Shares of eBay stock traded up $0.83 on Thursday, reaching $53.81. The company’s stock had a trading volume of 1,558,976 shares, compared to its average volume of 5,863,037. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $55.35. The firm’s fifty day simple moving average is $52.67 and its two-hundred day simple moving average is $48.85. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $27.01 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 2.43 and a beta of 1.31.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, May 1st. The e-commerce company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. The company had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.11% and a net margin of 25.97%. eBay’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. Equities analysts anticipate that eBay Inc. will post 3.72 earnings per share for the current year.

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.08 annualized dividend and a yield of 2.01%. eBay’s payout ratio is presently 21.51%.

Wall Street Analyst Weigh In

EBAY has been the subject of a number of analyst reports. Jefferies Financial Group increased their price objective on eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Morgan Stanley decreased their price objective on shares of eBay from $62.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. TD Cowen increased their target price on shares of eBay from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Truist Financial raised their target price on eBay from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Monday, May 6th. Finally, Barclays upped their price target on eBay from $61.00 to $65.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.85.

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.