eBay Inc. (NASDAQ:EBAY) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lowered its position in shares of eBay Inc. (NASDAQ:EBAY) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,886 shares of the e-commerce company’s stock after selling 274 shares during the quarter. Lake Street Advisors Group LLC’s holdings in eBay were worth $709,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EBAY. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay in the 2nd quarter valued at approximately $26,000. Tortoise Investment Management LLC increased its position in eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares during the period. LRI Investments LLC acquired a new stake in eBay in the 1st quarter valued at approximately $29,000. Hobbs Group Advisors LLC acquired a new stake in eBay in the 2nd quarter valued at approximately $29,000. Finally, Washington Trust Advisors Inc. acquired a new stake in eBay in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on eBay from $59.00 to $72.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird lifted their price target on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Piper Sandler reiterated an “overweight” rating and set a $64.00 price target (up from $58.00) on shares of eBay in a research report on Thursday, August 1st. Wells Fargo & Company raised their price objective on eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group raised their price objective on eBay from $58.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average target price of $62.14.

Insider Transactions at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, the senior vice president now directly owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders sold 41,391 shares of company stock worth $2,678,424. 0.38% of the stock is owned by corporate insiders.

eBay Price Performance

Shares of EBAY opened at $63.10 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $31.68 billion, a PE ratio of 12.57, a PEG ratio of 2.59 and a beta of 1.32. The firm’s 50 day moving average price is $62.56 and its 200 day moving average price is $56.33. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $67.80.

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

eBay Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.27 per share. The ex-dividend date was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. eBay’s dividend payout ratio (DPR) is presently 21.51%.

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.