Mezzasalma Advisors LLC Has $475,000 Position in eBay Inc. (NASDAQ:EBAY)

Mezzasalma Advisors LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 5.6% in the third quarter, HoldingsChannel reports. The firm owned 7,294 shares of the e-commerce company’s stock after buying an additional 386 shares during the period. Mezzasalma Advisors LLC’s holdings in eBay were worth $475,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in 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 acquiring an additional 4,524,934 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of eBay by 17.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,964,196 shares of the e-commerce company’s stock worth $1,394,797,000 after purchasing an additional 3,880,649 shares in the last quarter. Mirova US LLC increased its stake in eBay by 2.1% during the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after purchasing an additional 189,505 shares in the last quarter. Victory Capital Management Inc. increased its stake 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 valued at $404,879,000 after purchasing an additional 838,969 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after buying an additional 530,941 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EBAY has been the topic of several recent research reports. Wells Fargo & Company raised their price target on shares of eBay from $55.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, October 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $62.00 target price on shares of eBay in a research report on Monday, October 7th. Benchmark upped their price target on eBay from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley lifted their price objective on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, The Goldman Sachs Group increased their target price on shares of eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $58.48.

eBay Stock Down 0.3 %

Shares of eBay stock opened at $66.73 on Thursday. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $67.80. The company has a 50-day moving average of $61.57 and a 200 day moving average of $55.84. The firm has a market cap of $33.50 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 2.59 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. The company 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, sell-side analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s payout ratio is 21.51%.

Insider Transactions at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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 trade 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, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the sale, the chief financial officer now owns 70,332 shares in the company, valued at $4,494,918.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,224 shares of company stock worth $2,600,666 in the last three months. Corporate insiders own 0.38% of the company’s stock.

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.