IPG Investment Advisors LLC boosted its holdings in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 549.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,815 shares of the e-commerce company’s stock after purchasing an additional 14,225 shares during the quarter. IPG Investment Advisors LLC’s holdings in eBay were worth $1,879,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of EBAY. Compass Financial Management LLC purchased a new stake in shares of eBay in the second quarter valued at approximately $28,000. Cedar Mountain Advisors LLC lifted its position in shares of eBay by 128.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 277 shares of the e-commerce company’s stock valued at $25,000 after buying an additional 156 shares in the last quarter. Field & Main Bank purchased a new position in shares of eBay during the 2nd quarter valued at approximately $31,000. Cassaday & Co Wealth Management LLC acquired a new stake in eBay in the 1st quarter valued at $26,000. Finally, Abound Financial LLC acquired a new stake in eBay in the 4th quarter valued at $26,000. 87.48% of the stock is owned by institutional investors and hedge funds.
eBay Stock Down 1.0%
Shares of EBAY opened at $103.51 on Thursday. The stock has a 50 day moving average price of $109.02 and a 200 day moving average price of $104.21. eBay Inc. has a one year low of $78.03 and a one year high of $119.31. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $46.06 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 2.78 and a beta of 1.34.
eBay Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 28th. eBay’s dividend payout ratio (DPR) is currently 25.67%.
Analyst Upgrades and Downgrades
EBAY has been the subject of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $127.00 price target on shares of eBay in a report on Thursday, August 6th. Barclays increased their price objective on shares of eBay from $114.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Citigroup boosted their target price on shares of eBay from $127.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Needham & Company LLC boosted their target price on shares of eBay from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Piper Sandler restated an “overweight” rating and set a $133.00 price target (up from $115.00) on shares of eBay in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $117.24.
Read Our Latest Analysis on EBAY
Insider Transactions at eBay
In related news, SVP Mazen Rawashdeh sold 1,919 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $108.51, for a total transaction of $208,230.69. Following the completion of the sale, the senior vice president owned 32,124 shares of the company’s stock, valued at approximately $3,485,775.24. This represents a 5.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jordan Sweetnam sold 1,014 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $101.39, for a total transaction of $102,809.46. Following the completion of the sale, the senior vice president owned 35,546 shares of the company’s stock, valued at approximately $3,604,008.94. The trade was a 2.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 26,016 shares of company stock valued at $2,870,341. Corporate insiders own 0.67% of the company’s stock.
eBay Company Profile
eBay Inc (NASDAQ: EBAY) operates a global online marketplace that connects buyers and sellers. Its platform supports the sale of new, used, refurbished and collectible products across categories including electronics, apparel, footwear, home and garden, automotive parts, accessories and trading cards.
The company generates revenue primarily through seller fees and related services, including payments, advertising and shipping solutions. eBay also offers specialized experiences such as eBay Motors and authentication programs designed to help verify eligible luxury goods, sneakers, watches, handbags and collectibles.
Founded in 1995 by Pierre Omidyar, eBay serves customers and sellers in markets around the world.
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