U.S. Capital Wealth Advisors LLC Sells 3,705 Shares of eBay Inc. (NASDAQ:EBAY)

U.S. Capital Wealth Advisors LLC reduced its position in eBay Inc. (NASDAQ:EBAY) by 29.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,707 shares of the e-commerce company’s stock after selling 3,705 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in eBay were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after buying an additional 4,524,934 shares during the period. M&G Plc bought a new position in shares of eBay in the first quarter worth $97,557,000. Swedbank AB purchased a new position in shares of eBay in the first quarter valued at $73,777,000. Norges Bank purchased a new position in shares of eBay in the fourth quarter valued at $53,019,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of eBay by 22.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock valued at $272,551,000 after purchasing an additional 1,141,288 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other eBay news, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other eBay news, SVP Edward O. Garcia sold 986 shares of eBay 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 transaction, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at approximately $1,962,109.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at approximately $3,837,197.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,488 shares of company stock worth $565,910 in the last 90 days. 0.38% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen lifted their target price on eBay from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Citigroup boosted their price objective on shares of eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Benchmark increased their target price on shares of eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird boosted their price target on shares of eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. assumed coverage on eBay in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.65.

eBay Price Performance

NASDAQ EBAY traded up $0.58 on Friday, reaching $56.52. 2,952,169 shares of the company’s stock traded hands, compared to its average volume of 5,705,357. The stock has a market cap of $28.37 billion, a PE ratio of 11.26, a P/E/G ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.99. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $57.68. The stock has a 50-day simple moving average of $53.90 and a 200 day simple moving average of $50.58.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s payout ratio is presently 21.51%.

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.