eBay Inc. (NASDAQ:EBAY) Stock Position Reduced by LVW Advisors LLC

LVW Advisors LLC lessened its position in shares of eBay Inc. (NASDAQ:EBAY) by 22.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,823 shares of the e-commerce company’s stock after selling 1,644 shares during the period. LVW Advisors LLC’s holdings in eBay were worth $313,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Occidental Asset Management LLC lifted its holdings in shares of eBay by 10.4% in the 2nd quarter. Occidental Asset Management LLC now owns 27,368 shares of the e-commerce company’s stock worth $1,470,000 after purchasing an additional 2,576 shares during the last quarter. Czech National Bank raised its stake in eBay by 5.6% during the 2nd quarter. Czech National Bank now owns 96,424 shares of the e-commerce company’s stock valued at $5,180,000 after acquiring an additional 5,106 shares in the last quarter. QRG Capital Management Inc. raised its stake in eBay by 3.2% during the 2nd quarter. QRG Capital Management Inc. now owns 106,854 shares of the e-commerce company’s stock valued at $5,740,000 after acquiring an additional 3,340 shares in the last quarter. OLD National Bancorp IN raised its stake in eBay by 14.3% during the 2nd quarter. OLD National Bancorp IN now owns 5,642 shares of the e-commerce company’s stock valued at $303,000 after acquiring an additional 706 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in eBay during the 2nd quarter valued at $11,362,000. Institutional investors own 87.48% of the company’s stock.

Insider Transactions at eBay

In other news, SVP Julie A. Loeger sold 7,419 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Rebecca Spencer sold 2,083 shares of eBay stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $53.62, for a total transaction of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares of the company’s stock, valued at $220,324.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction 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 sold a total of 10,488 shares of company stock valued at $565,910 over the last quarter. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EBAY. Truist Financial lifted their target price on eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. TD Cowen lifted their target price on eBay from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. Citigroup lifted their price target on eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays lifted 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. Finally, Wolfe Research started coverage on eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.65.

eBay Stock Down 0.6 %

Shares of eBay stock traded down $0.31 during midday trading on Tuesday, hitting $55.50. The company’s stock had a trading volume of 1,656,176 shares, compared to its average volume of 5,668,548. The firm has a market capitalization of $27.86 billion, a P/E ratio of 11.12, a PEG ratio of 2.58 and a beta of 1.31. The stock has a 50-day simple moving average of $53.99 and a 200-day simple moving average of $50.92. The company has a quick ratio of 1.99, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 1-year low of $37.17 and a 1-year high of $57.68.

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 given a $0.27 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.95%. eBay’s dividend payout ratio (DPR) 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.