Greenwich Wealth Management LLC Raises Position in eBay Inc. (NASDAQ:EBAY)

Greenwich Wealth Management LLC lifted its stake in shares of eBay Inc. (NASDAQ:EBAY) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,674 shares of the e-commerce company’s stock after acquiring an additional 1,284 shares during the quarter. Greenwich Wealth Management LLC’s holdings in eBay were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its position in shares of eBay by 10.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,190 shares of the e-commerce company’s stock worth $750,000 after buying an additional 1,561 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of eBay by 7.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 51,101 shares of the e-commerce company’s stock valued at $2,229,000 after purchasing an additional 3,638 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of eBay by 0.8% in the 4th quarter. Brown Advisory Inc. now owns 827,163 shares of the e-commerce company’s stock valued at $36,081,000 after purchasing an additional 6,202 shares in the last quarter. Norges Bank purchased a new stake in shares of eBay during the 4th quarter worth $53,019,000. Finally, UBS Group AG grew its stake in shares of eBay by 19.4% during the fourth quarter. UBS Group AG now owns 1,041,540 shares of the e-commerce company’s stock worth $45,432,000 after purchasing an additional 169,378 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Price Performance

eBay stock opened at $63.44 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The business has a 50 day simple moving average of $56.55 and a 200-day simple moving average of $53.58. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $63.90. The stock has a market capitalization of $31.02 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32.

eBay (NASDAQ:EBAY) last announced 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 26.41% and a return on equity of 29.69%. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. Equities analysts predict that eBay Inc. will post 3.86 earnings per share for the current 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 $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.70%. eBay’s payout ratio is currently 21.51%.

Insider Activity at eBay

In other eBay news, SVP Edward O. Garcia sold 986 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares in the company, valued at approximately $1,962,109.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on EBAY. Wolfe Research started coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. started coverage on eBay in a research note on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Cantor Fitzgerald started coverage on shares of eBay in a research report on Thursday, September 5th. They set a “neutral” rating and a $62.00 price objective for the company. Finally, Bank of America increased their target price on shares of eBay from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $56.90.

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.