eBay Inc. (NASDAQ:EBAY) Shares Sold by Lodestone Wealth Management LLC

Lodestone Wealth Management LLC lowered its holdings in eBay Inc. (NASDAQ:EBAY) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,225 shares of the e-commerce company’s stock after selling 434 shares during the period. Lodestone Wealth Management LLC’s holdings in eBay were worth $1,773,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares during the period. Ameriprise Financial Inc. grew its position in 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 during the last quarter. Mirova US LLC increased its stake in shares of eBay by 2.1% in the second 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 during the period. Victory Capital Management Inc. increased its stake in shares of eBay by 12.5% in the second 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 during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of eBay by 8.6% during 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 during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Stock Performance

Shares of EBAY opened at $58.11 on Friday. The company has a 50-day moving average of $62.99 and a two-hundred day moving average of $56.77. The stock has a market cap of $28.42 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.79 and a beta of 1.34. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a one year low of $37.17 and a one year high of $67.80.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. On average, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.27 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 1.86%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

Insider Activity

In related news, CFO Stephen J. Priest sold 25,000 shares of the 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 directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jamie Iannone sold 5,625 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $66.09, for a total transaction of $371,756.25. Following the transaction, the chief executive officer now directly owns 559,291 shares in the company, valued at $36,963,542.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $72.00 target price on shares of eBay in a research report on Thursday. The Goldman Sachs Group raised their price target on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Bank of America reduced their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday. Morgan Stanley raised their target price on shares of eBay from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, StockNews.com raised shares of eBay from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.86.

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.