Boyar Asset Management Inc. Sells 14,831 Shares of eBay Inc. (NASDAQ:EBAY)

Boyar Asset Management Inc. decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 49.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,396 shares of the e-commerce company’s stock after selling 14,831 shares during the quarter. Boyar Asset Management Inc.’s holdings in eBay were worth $827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay during the second quarter worth $26,000. Tortoise Investment Management LLC lifted its holdings in eBay by 894.2% during the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after buying an additional 465 shares during the period. LRI Investments LLC bought a new stake in shares of eBay in the 1st quarter valued at about $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of eBay in the second quarter valued at about $29,000. Finally, Washington Trust Advisors Inc. bought a new position in shares of eBay during the first quarter worth about $30,000. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling

In other news, SVP Edward O. Garcia sold 986 shares of the 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Edward O. Garcia sold 986 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now 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 can be accessed through this link. Also, CAO Rebecca Spencer sold 2,083 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $53.62, for a total value of $111,690.46. Following the completion of the sale, the chief accounting officer now owns 4,109 shares in the company, valued at $220,324.58. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

eBay Price Performance

EBAY stock opened at $59.20 on Friday. The company has a market capitalization of $29.72 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 2.30 and a beta of 1.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $59.85. The business has a 50-day simple moving average of $55.69 and a two-hundred day simple moving average of $52.87.

eBay Dividend Announcement

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 issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio is 21.51%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EBAY shares. Cantor Fitzgerald started coverage on eBay in a report on Thursday. They issued a “neutral” rating and a $62.00 target price on the stock. Citigroup increased their price objective on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their target price on shares of eBay from $38.00 to $46.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. Susquehanna upped their price target on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com raised eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, eBay presently has an average rating of “Hold” and an average price target of $56.90.

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.