EP Wealth Advisors LLC Sells 164 Shares of eBay Inc. (NASDAQ:EBAY)

by · The Cerbat Gem

EP Wealth Advisors LLC reduced its position in shares of eBay Inc. (NASDAQ:EBAY – Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,632 shares of the e-commerce company’s stock after selling 164 shares during the quarter. EP Wealth Advisors LLC’s holdings in eBay were worth $1,340,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in shares of eBay by 12.4% during the 4th quarter. Ameriprise Financial Inc. now owns 28,493,042 shares of the e-commerce company’s stock worth $1,765,148,000 after purchasing an additional 3,149,934 shares during the last quarter. Independent Franchise Partners LLP lifted its stake in shares of eBay by 25.6% during the 4th quarter. Independent Franchise Partners LLP now owns 11,178,638 shares of the e-commerce company’s stock worth $692,517,000 after buying an additional 2,277,839 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of eBay by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,032,336 shares of the e-commerce company’s stock worth $435,665,000 after buying an additional 245,624 shares during the period. Northern Trust Corp grew its stake in eBay by 17.8% in the 4th quarter. Northern Trust Corp now owns 6,809,265 shares of the e-commerce company’s stock valued at $421,834,000 after buying an additional 1,030,292 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in eBay by 1.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,936,508 shares of the e-commerce company’s stock valued at $367,767,000 after acquiring an additional 82,904 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Transactions at eBay

In related news, CEO Jamie Iannone sold 7,500 shares of eBay stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $66.35, for a total transaction of $497,625.00. Following the completion of the transaction, the chief executive officer now owns 590,108 shares of the company’s stock, valued at $39,153,665.80. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Priest sold 28,060 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $67.82, for a total value of $1,903,029.20. Following the sale, the chief financial officer now owns 65,080 shares of the company’s stock, valued at approximately $4,413,725.60. The trade was a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,685 shares of company stock worth $4,121,245 over the last ninety days. 0.38% of the stock is owned by insiders.

eBay Price Performance

eBay stock opened at $69.51 on Friday. The company has a market capitalization of $32.04 billion, a PE ratio of 17.46, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $66.25 and a two-hundred day moving average price of $65.19. eBay Inc. has a 12 month low of $50.43 and a 12 month high of $71.61.

eBay (NASDAQ:EBAY – Get Free Report) last posted its earnings results on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.55 billion. eBay had a net margin of 19.68% and a return on equity of 30.97%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. Analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.29 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. eBay’s payout ratio is 27.62%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EBAY shares. JMP Securities reiterated a “market perform” rating on shares of eBay in a research note on Thursday, May 1st. Wells Fargo & Company lifted their target price on eBay from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, May 1st. Piper Sandler upped their price target on shares of eBay from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. UBS Group lifted their price objective on shares of eBay from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 29th. Finally, TD Securities increased their target price on shares of eBay from $62.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, eBay has an average rating of “Hold” and a consensus price target of $67.32.

Check Out Our Latest Analysis on eBay

eBay Company Profile

(Free Report)

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.

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