Crestmont Private Wealth LLC Invests $233,000 in eBay Inc. (NASDAQ:EBAY)

Crestmont Private Wealth LLC bought a new stake in eBay Inc. (NASDAQ:EBAY) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,579 shares of the e-commerce company’s stock, valued at approximately $233,000.

Several other institutional investors also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in eBay in the second quarter valued at approximately $26,000. Tortoise Investment Management LLC grew its holdings in shares of eBay by 894.2% in the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares during the last quarter. LRI Investments LLC purchased a new position in shares of eBay in the first quarter worth $29,000. Hobbs Group Advisors LLC bought a new stake in eBay during the 2nd quarter valued at $29,000. Finally, Washington Trust Advisors Inc. purchased a new stake in eBay during the 1st quarter valued at $30,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

eBay Stock Performance

Shares of EBAY opened at $66.33 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The stock has a market cap of $33.30 billion, a P/E ratio of 13.21, a P/E/G ratio of 2.59 and a beta of 1.32. The business’s 50 day moving average price is $60.87 and its 200-day moving average price is $55.54. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $67.72.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data 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 return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.63%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio (DPR) is 21.51%.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value 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. 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 related news, CFO Stephen J. Priest sold 25,000 shares of the 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 sale, the chief financial officer now directly 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 SEC, which is available at the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated 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 approximately $4,530,000.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,224 shares of company stock worth $2,600,666. 0.38% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EBAY shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Benchmark upped their price target on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Evercore ISI lifted their price objective on eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research report on Thursday, August 1st. Piper Sandler reissued an “overweight” rating and set a $64.00 target price (up from $58.00) on shares of eBay in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group raised their price target on eBay from $38.00 to $46.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $58.05.

eBay 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.