Quent Capital LLC Sells 430 Shares of eBay Inc. (NASDAQ:EBAY)

Quent Capital LLC reduced its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 13.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,743 shares of the e-commerce company’s stock after selling 430 shares during the period. Quent Capital LLC’s holdings in eBay were worth $147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of eBay during the 2nd quarter worth $26,000. LRI Investments LLC bought a new position in eBay in the first quarter valued at about $29,000. Washington Trust Advisors Inc. bought a new position in eBay in the first quarter valued at about $30,000. Jones Financial Companies Lllp raised its position in eBay by 73.5% in the fourth quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares during the last quarter. Finally, American National Bank raised its position in eBay by 200.0% in the first quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at eBay

In other eBay news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.20, for a total value of $402,109.80. Following the transaction, the senior vice president now owns 70,797 shares in the company, valued at $3,837,197.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total value of $52,110.10. Following the completion of the transaction, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,488 shares of company stock valued at $565,910. Company insiders own 0.38% of the company’s stock.

eBay Stock Up 2.3 %

eBay stock traded up $1.26 during mid-day trading on Tuesday, reaching $55.92. The stock had a trading volume of 4,489,044 shares, compared to its average volume of 5,749,416. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $57.68. The stock’s 50-day simple moving average is $53.73 and its 200-day simple moving average is $50.41. The firm has a market capitalization of $28.07 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.93%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EBAY shares. Deutsche Bank Aktiengesellschaft increased their target price on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Citigroup increased their price target on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Truist Financial increased their price target on eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday. Morgan Stanley increased their price target on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, The Goldman Sachs Group increased their price target on eBay from $38.00 to $46.00 and gave the company a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, eBay currently has a consensus rating of “Hold” and an average price target of $56.65.

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.