eBay Inc (NASDAQ:EBAY) Shares Purchased by GWM Advisors LLC

GWM Advisors LLC boosted its holdings in eBay Inc (NASDAQ:EBAY) by 76.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,257 shares of the e-commerce company’s stock after acquiring an additional 12,219 shares during the period. GWM Advisors LLC’s holdings in eBay were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EBAY. Baupost Group LLC MA boosted its stake in shares of eBay by 60.5% during the 1st quarter. Baupost Group LLC MA now owns 32,086,000 shares of the e-commerce company’s stock worth $964,505,000 after purchasing an additional 12,091,030 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of eBay by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 11,510,268 shares of the e-commerce company’s stock worth $345,550,000 after purchasing an additional 158,304 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of eBay by 29.8% during the 2nd quarter. First Trust Advisors LP now owns 8,338,771 shares of the e-commerce company’s stock worth $437,369,000 after purchasing an additional 1,914,125 shares during the last quarter. Starboard Value LP boosted its stake in shares of eBay by 6.3% during the 1st quarter. Starboard Value LP now owns 7,920,000 shares of the e-commerce company’s stock worth $238,075,000 after purchasing an additional 470,000 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of eBay by 2.2% during the 1st quarter. Legal & General Group Plc now owns 6,321,892 shares of the e-commerce company’s stock worth $190,202,000 after purchasing an additional 138,663 shares during the last quarter. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Andrew John Cring sold 23,240 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.00, for a total transaction of $999,320.00. Following the completion of the sale, the chief financial officer now owns 117,919 shares of the company’s stock, valued at $5,070,517. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.02% of the stock is currently owned by company insiders.

Shares of NASDAQ:EBAY opened at $55.28 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 2.95. eBay Inc has a 52-week low of $26.02 and a 52-week high of $61.06. The company has a 50 day moving average of $53.69 and a two-hundred day moving average of $41.41. The company has a market capitalization of $38.69 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.49 and a beta of 1.40.

eBay (NASDAQ:EBAY) last released its quarterly earnings results on Tuesday, July 28th. The e-commerce company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.18. eBay had a net margin of 46.91% and a return on equity of 77.65%. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the company earned $0.68 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts anticipate that eBay Inc will post 2.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Monday, August 31st. eBay’s payout ratio is currently 27.59%.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of eBay from $52.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays increased their price objective on shares of eBay from $77.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group increased their price objective on shares of eBay from $54.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday. Stifel Nicolaus increased their price objective on shares of eBay from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Robert W. Baird increased their price objective on shares of eBay from $60.00 to $65.00 in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the company’s stock. eBay presently has an average rating of “Hold” and an average price target of $57.71.

eBay 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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Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

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