YHB Investment Advisors Inc. Sells 843 Shares of eBay Inc. (NASDAQ:EBAY)

YHB Investment Advisors Inc. trimmed its stake in eBay Inc. (NASDAQ:EBAY) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,644 shares of the e-commerce company’s stock after selling 843 shares during the period. YHB Investment Advisors Inc.’s holdings in eBay were worth $1,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EBAY. Park Avenue Securities LLC lifted its holdings in eBay by 6.3% during the 1st quarter. Park Avenue Securities LLC now owns 10,557 shares of the e-commerce company’s stock valued at $557,000 after purchasing an additional 623 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in eBay during the 1st quarter worth approximately $1,006,000. Atlantic Union Bankshares Corp increased its holdings in eBay by 20.8% during the 1st quarter. Atlantic Union Bankshares Corp now owns 35,639 shares of the e-commerce company’s stock valued at $1,881,000 after purchasing an additional 6,136 shares in the last quarter. AMF Tjanstepension AB raised its position in eBay by 13.7% in the 1st quarter. AMF Tjanstepension AB now owns 174,317 shares of the e-commerce company’s stock valued at $9,208,000 after purchasing an additional 21,065 shares during the last quarter. Finally, Kathmere Capital Management LLC acquired a new position in eBay in the first quarter worth $436,000. 87.48% of the stock is owned by institutional investors.

eBay Stock Performance

EBAY opened at $63.67 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $62.40 and a 200 day simple moving average of $56.28. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $67.80. The company has a market capitalization of $31.96 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32.

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

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio (DPR) is currently 21.51%.

Insider Buying and Selling

In other eBay news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the completion of the sale, the chief financial officer now directly owns 65,079 shares in the company, valued at $4,336,213.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock valued at $2,678,424 over the last 90 days. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on EBAY. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $62.00 price target on shares of eBay in a report on Monday, October 7th. Truist Financial upped their target price on shares of eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Evercore ISI upped their price objective on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a report on Thursday, August 1st. Finally, Robert W. Baird lifted their target price on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, eBay has a consensus rating of “Hold” and an average target price of $60.19.

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.