Ritholtz Wealth Management Sells 14,530 Shares of eBay Inc. $EBAY

Ritholtz Wealth Management lowered its stake in shares of eBay Inc. (NASDAQ:EBAY) by 16.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,876 shares of the e-commerce company’s stock after selling 14,530 shares during the quarter. Ritholtz Wealth Management’s holdings in eBay were worth $8,047,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Columbus Macro LLC increased its position in eBay by 2.5% in the third quarter. Columbus Macro LLC now owns 3,838 shares of the e-commerce company’s stock worth $407,000 after buying an additional 93 shares during the period. Conning Inc. lifted its stake in eBay by 5.3% in the third quarter. Conning Inc. now owns 2,083 shares of the e-commerce company’s stock valued at $221,000 after buying an additional 104 shares during the last quarter. MGO One Seven LLC lifted its stake in eBay by 1.3% in the third quarter. MGO One Seven LLC now owns 8,532 shares of the e-commerce company’s stock valued at $905,000 after buying an additional 109 shares during the last quarter. Spire Wealth Management boosted its holdings in shares of eBay by 29.7% during the second quarter. Spire Wealth Management now owns 489 shares of the e-commerce company’s stock valued at $55,000 after acquiring an additional 112 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of eBay by 4.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 2,818 shares of the e-commerce company’s stock valued at $312,000 after acquiring an additional 125 shares during the period. 87.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jamie Iannone sold 11,110 shares of the company’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $122.98, for a total value of $1,366,307.80. Following the completion of the sale, the chief executive officer owned 204,049 shares of the company’s stock, valued at $25,093,946.02. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction, the senior vice president owned 35,546 shares of the company’s stock, valued at $3,604,008.94. This represents 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. Insiders have sold 34,344 shares of company stock worth $3,795,885 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on EBAY shares. Barclays lowered shares of eBay from an “overweight” rating to an “underweight” rating in a research report on Thursday, October 29th. Argus lifted their price objective on shares of eBay from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Sanford C. Bernstein lifted their price objective on shares of eBay from $115.00 to $125.00 and gave the company a “market perform” rating in a research report on Thursday, October 29th. Citizens Jmp lowered shares of eBay from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 4th. Finally, Wedbush boosted their target price on shares of eBay from $137.00 to $153.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Seventeen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $123.52.

Key Stories Impacting eBay

These are some of the EBAY stories that stood out recently:

• Positive Sentiment: eBay is using AI to take on more of the work involved in selling, which could make listing and managing items easier for sellers and support marketplace activity. eBay is letting AI do the heavy lifting for sellers on the site
• Positive Sentiment: Archival fashion listings and prices are climbing, a sign of interest in resale categories that could benefit eBay’s marketplace. eBay sees archival fashion listings, prices climb
• Neutral Sentiment: eBay’s SEMA car-collection launch adds a promotional angle in the auto category, but the coverage frames it as a valuation question rather than demonstrating a material financial contribution. Is eBay (EBAY) Undervalued After Its SEMA Car Collection Launch?

eBay Stock Down 0.7%

EBAY opened at $122.68 on Thursday. eBay Inc. has a 12 month low of $78.03 and a 12 month high of $127.74. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $53.86 billion, a P/E ratio of 26.79, a P/E/G ratio of 2.93 and a beta of 1.30. The stock’s 50 day moving average price is $113.61 and its 200 day moving average price is $105.00.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, October 28th. The e-commerce company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.10. eBay had a return on equity of 49.20% and a net margin of 16.84%. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the previous year, the business earned $1.36 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts predict that eBay Inc. will post 4.79 earnings per share for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th. eBay’s dividend payout ratio (DPR) is 27.07%.

About eBay

eBay Inc. operates a global online marketplace that connects buyers and sellers. Its platform supports both auction-style listings and fixed-price sales across a broad range of categories, including electronics, fashion, collectibles, home goods and auto parts. Founded by Pierre Omidyar in 1995 as AuctionWeb, the company adopted the eBay name in 1997. It also provides services and tools for sellers, including advertising, payments and shipping features that support transactions on its marketplace. eBay serves customers and businesses in markets around the world.