Strategic Wealth Advisors Group LLC lifted its stake in shares of eBay Inc (NASDAQ:EBAY) by 5.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,812 shares of the e-commerce company’s stock after purchasing an additional 655 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in eBay were worth $496,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in EBAY. Parallel Advisors LLC lifted its stake in eBay by 25.6% during the third quarter. Parallel Advisors LLC now owns 4,586 shares of the e-commerce company’s stock worth $179,000 after purchasing an additional 936 shares during the last quarter. Security National Trust Co. lifted its stake in eBay by 8.7% in the third quarter. Security National Trust Co. now owns 22,352 shares of the e-commerce company’s stock valued at $871,000 after buying an additional 1,780 shares during the last quarter. Moloney Securities Asset Management LLC purchased a new stake in eBay in the third quarter valued at approximately $301,000. Mackay Shields LLC lifted its stake in eBay by 109.5% in the third quarter. Mackay Shields LLC now owns 731,393 shares of the e-commerce company’s stock valued at $28,509,000 after buying an additional 382,330 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in eBay by 2.6% in the third quarter. Synovus Financial Corp now owns 12,889 shares of the e-commerce company’s stock valued at $503,000 after buying an additional 332 shares during the last quarter. 89.31% of the stock is owned by institutional investors and hedge funds.
eBay stock traded up $0.25 during trading hours on Friday, hitting $35.14. The stock had a trading volume of 10,559,700 shares, compared to its average volume of 9,557,985. The stock’s fifty day moving average is $37.76 and its two-hundred day moving average is $38.72. The stock has a market capitalization of $28.86 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 1.51 and a beta of 1.38. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.41 and a quick ratio of 1.41. eBay Inc has a 1-year low of $26.01 and a 1-year high of $42.00.
eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, October 23rd. The e-commerce company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. eBay had a return on equity of 44.15% and a net margin of 18.33%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS. As a group, sell-side analysts anticipate that eBay Inc will post 2.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Monday, December 2nd will be issued a $0.14 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.59%. eBay’s dividend payout ratio (DPR) is 24.14%.
In other news, CEO Devin Wenig sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $39.86, for a total value of $398,600.00. Following the transaction, the chief executive officer now directly owns 1,022,419 shares in the company, valued at approximately $40,753,621.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.22% of the company’s stock.
A number of equities research analysts have weighed in on the company. Piper Jaffray Companies reduced their price objective on eBay from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Cowen set a $36.00 price target on eBay and gave the stock a “hold” rating in a research note on Monday, October 21st. UBS Group cut their price target on eBay from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Barclays cut their price target on eBay from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, October 24th. Finally, Benchmark cut their price target on eBay from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $42.46.
eBay Company Profile
eBay Inc operates commerce platforms connecting various buyers and sellers worldwide. The company's Marketplace platforms include its online marketplace at ebay.com and the eBay suite of mobile apps; and StubHub platforms comprise its online ticket platform at stubhub.com, and the StubHub mobile apps that connect fans with their favorite sporting events, shows, and artists, as well as enables them to buy and sell tickets.
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