Winch Advisory Services LLC Sells 394 Shares of eBay Inc. (NASDAQ:EBAY)

Winch Advisory Services LLC decreased its position in eBay Inc. (NASDAQ:EBAY) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,717 shares of the e-commerce company’s stock after selling 394 shares during the quarter. Winch Advisory Services LLC’s holdings in eBay were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in EBAY. Fisher Asset Management LLC increased its stake in eBay by 43.8% in the 4th quarter. Fisher Asset Management LLC now owns 8,633 shares of the e-commerce company’s stock worth $377,000 after acquiring an additional 2,629 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of eBay by 6.3% in the 1st quarter. Park Avenue Securities LLC now owns 10,557 shares of the e-commerce company’s stock worth $557,000 after purchasing an additional 623 shares during the period. Ballentine Partners LLC boosted its holdings in shares of eBay by 19.5% in the 1st quarter. Ballentine Partners LLC now owns 9,413 shares of the e-commerce company’s stock worth $497,000 after purchasing an additional 1,536 shares during the period. Strategic Planning Group LLC purchased a new position in shares of eBay in the 1st quarter worth approximately $755,000. Finally, Riverview Trust Co purchased a new position in shares of eBay in the 1st quarter worth approximately $48,000. Institutional investors own 87.48% of the company’s stock.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated 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 owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other eBay news, 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 transaction of $256,760.14. Following the sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,391 shares of company stock valued at $2,678,424 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

eBay Trading Down 1.2 %

EBAY opened at $64.16 on Tuesday. The stock has a fifty day moving average price of $62.09 and a 200-day moving average price of $56.15. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $67.80. The firm has a market cap of $32.21 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 2.59 and a beta of 1.32. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (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 company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.53 billion. As a group, equities research analysts anticipate 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 given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio is currently 21.51%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna lifted their target price on eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their target price on eBay from $55.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, October 3rd. The Goldman Sachs Group boosted their price objective on eBay from $46.00 to $55.00 and gave the company a “sell” rating in a report on Tuesday, October 15th. Piper Sandler restated an “overweight” rating and set a $64.00 price objective (up previously from $58.00) on shares of eBay in a report on Thursday, August 1st. Finally, Robert W. Baird boosted their price objective on eBay from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $59.10.

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.