Sapient Capital LLC Sells 2,200 Shares of eBay Inc. (NASDAQ:EBAY)

Sapient Capital LLC lessened its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 25.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,466 shares of the e-commerce company’s stock after selling 2,200 shares during the period. Sapient Capital LLC’s holdings in eBay were worth $421,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of eBay by 7.7% in the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock valued at $3,321,403,000 after purchasing an additional 4,524,934 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of eBay by 17.6% in the second quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock valued at $1,394,797,000 after acquiring an additional 3,880,649 shares in the last quarter. Mirova US LLC lifted its stake in eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after acquiring an additional 189,505 shares during the period. Victory Capital Management Inc. grew its holdings in eBay by 12.5% during the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in eBay by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after purchasing an additional 530,941 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Performance

Shares of NASDAQ EBAY opened at $66.88 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $67.72. The company has a 50 day simple moving average of $61.11 and a two-hundred day simple moving average of $55.67. The stock has a market cap of $33.57 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 2.59 and a beta of 1.32.

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

eBay Announces Dividend

The business 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 1.61%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s payout ratio is presently 21.51%.

Analysts Set New Price Targets

A number of research firms have commented on EBAY. Wolfe Research began coverage on shares of eBay in a research report on Tuesday, July 16th. They set a “peer perform” rating on the stock. Benchmark raised their target price on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group raised their target price on shares of eBay from $38.00 to $46.00 and gave the company a “sell” rating in a research report on Friday, August 2nd. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Finally, Truist Financial raised their price target on shares of eBay from $50.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $58.05.

Insider Transactions at eBay

In other news, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $66.56, for a total transaction of $374,400.00. Following the completion of the sale, the chief executive officer now owns 553,666 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the company’s 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 transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jamie Iannone sold 5,625 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $66.56, for a total transaction of $374,400.00. Following the completion of the transaction, the chief executive officer now directly owns 553,666 shares in the company, valued at $36,852,008.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,224 shares of company stock valued at $2,600,666 over the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

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.