Wedmont Private Capital Has $554,000 Stake in eBay Inc. (NASDAQ:EBAY)

Wedmont Private Capital lifted its position in eBay Inc. (NASDAQ:EBAY) by 20.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,292 shares of the e-commerce company’s stock after purchasing an additional 1,410 shares during the quarter. Wedmont Private Capital’s holdings in eBay were worth $554,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay in the second quarter valued at $26,000. Tortoise Investment Management LLC raised its stake in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after purchasing an additional 465 shares in the last quarter. LRI Investments LLC acquired a new position in shares of eBay in the first quarter valued at $29,000. Hobbs Group Advisors LLC acquired a new position in shares of eBay in the second quarter valued at $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of eBay in the first quarter valued at $30,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $66.56, for a total value of $374,400.00. Following the transaction, the chief executive officer now owns 553,666 shares of the company’s stock, valued at approximately $36,852,008.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other eBay news, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $66.56, for a total value of $374,400.00. Following the transaction, the chief executive officer now owns 553,666 shares of the company’s stock, valued at approximately $36,852,008.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at $4,494,918.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,224 shares of company stock valued at $2,600,666. 0.38% of the stock is currently owned by company insiders.

eBay Price Performance

eBay stock opened at $66.33 on Friday. The business’s 50-day simple moving average is $60.66 and its 200 day simple moving average is $55.40. The stock has a market cap of $32.44 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 2.59 and a beta of 1.32. eBay Inc. has a 12-month low of $37.17 and a 12-month high of $67.72. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. As a group, research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio is 20.97%.

Analysts Set New Price Targets

Several research firms have issued reports on EBAY. Deutsche Bank Aktiengesellschaft increased their price objective on eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America increased their price objective on eBay from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Susquehanna increased their price objective on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. began coverage on eBay in a research note on Tuesday, June 25th. They set a “neutral” rating and a $60.00 price objective for the company. Finally, Robert W. Baird increased their price objective on eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $58.05.

eBay Company 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.