eBay Inc. (NASDAQ:EBAY) Shares Bought by Wedmont Private Capital

Wedmont Private Capital lifted its position in shares of eBay Inc. (NASDAQ:EBAY) by 13.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,882 shares of the e-commerce company’s stock after purchasing an additional 796 shares during the period. Wedmont Private Capital’s holdings in eBay were worth $373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of eBay in the 2nd quarter valued at approximately $26,000. Washington Trust Advisors Inc. acquired a new position in eBay in the 1st quarter valued at $30,000. LRI Investments LLC purchased a new position in eBay during the 1st quarter worth $29,000. American National Bank boosted its holdings in shares of 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 acquiring an additional 400 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of 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 acquiring an additional 310 shares in the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Trading Down 0.2 %

EBAY traded down $0.11 on Tuesday, reaching $55.70. 4,718,011 shares of the company’s stock were exchanged, compared to its average volume of 5,689,237. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $57.68. The company’s 50 day moving average is $53.99 and its 200-day moving average is $50.92. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 1.25. The company has a market cap of $27.96 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 2.58 and a beta of 1.31.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio is presently 21.51%.

Insider Buying and Selling

In other eBay news, SVP Edward O. Garcia sold 986 shares of the company’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 transaction, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Julie A. Loeger sold 7,419 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the transaction, the senior vice president now directly owns 70,797 shares in the company, valued at approximately $3,837,197.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 37,126 shares in the company, valued at $1,962,109.10. The disclosure for this sale can be found here. In the last three months, insiders sold 10,488 shares of company stock valued at $565,910. Company insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft raised their target price on eBay from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 1st. TD Cowen increased their price target on shares of eBay from $42.00 to $45.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Truist Financial increased their target price on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, Mizuho boosted their target price on eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, eBay has an average rating of “Hold” and a consensus target price of $56.65.

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.