Everett Harris & Co. CA Has $797,000 Position in eBay Inc. (NASDAQ:EBAY)

Everett Harris & Co. CA decreased its position in shares of eBay Inc. (NASDAQ:EBAY) by 15.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,235 shares of the e-commerce company’s stock after selling 2,285 shares during the quarter. Everett Harris & Co. CA’s holdings in eBay were worth $797,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of eBay during the second quarter worth $26,000. Tortoise Investment Management LLC raised its holdings in eBay by 894.2% during the 2nd 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 bought a new stake in eBay during the 1st quarter worth about $29,000. Hobbs Group Advisors LLC acquired a new position in eBay during the 2nd quarter valued at about $29,000. Finally, Washington Trust Advisors Inc. bought a new position in shares of eBay in the 1st quarter valued at about $30,000. 87.48% of the stock is currently owned by institutional investors.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 1,167 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now directly owns 65,079 shares of the company’s stock, valued at $4,336,213.77. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen J. Priest sold 1,167 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $66.63, for a total transaction of $77,757.21. Following the sale, the chief financial officer now owns 65,079 shares of the company’s stock, valued at $4,336,213.77. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,391 shares of company stock valued at $2,678,424. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Benchmark increased their price objective on shares of eBay from $58.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Truist Financial increased their price target on eBay from $50.00 to $58.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Piper Sandler reiterated an “overweight” rating and issued a $64.00 price objective (up previously from $58.00) on shares of eBay in a report on Thursday, August 1st. JPMorgan Chase & Co. started coverage on eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price on the stock. Finally, Daiwa America raised eBay to a “hold” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and a consensus target price of $59.10.

eBay Stock Performance

Shares of eBay stock opened at $64.95 on Friday. 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 firm has a market cap of $32.60 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32. The stock’s 50-day moving average is $61.93 and its 200-day moving average is $56.03. eBay Inc. has a one year low of $37.17 and a one year high of $67.80.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Equities analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s payout ratio is 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.