eBay Inc. (NASDAQ:EBAY) Shares Acquired by Coastal Investment Advisors Inc.

Coastal Investment Advisors Inc. grew its position in eBay Inc. (NASDAQ:EBAY) by 8.5% during the fourth quarter, Holdings Channel reports. The firm owned 12,828 shares of the e-commerce company’s stock after acquiring an additional 1,010 shares during the period. Coastal Investment Advisors Inc.’s holdings in eBay were worth $645,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of eBay by 19.6% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,219 shares of the e-commerce company’s stock valued at $64,000 after buying an additional 200 shares in the last quarter. Roberts Glore & Co. Inc. IL increased its position in shares of eBay by 1.7% during the third quarter. Roberts Glore & Co. Inc. IL now owns 12,607 shares of the e-commerce company’s stock worth $656,000 after purchasing an additional 205 shares in the last quarter. Gradient Investments LLC increased its position in eBay by 70.7% in the 3rd quarter. Gradient Investments LLC now owns 512 shares of the e-commerce company’s stock valued at $27,000 after acquiring an additional 212 shares during the period. Prudential PLC increased its position in eBay by 0.9% during the 3rd quarter. Prudential PLC now owns 27,495 shares of the e-commerce company’s stock worth $1,432,000 after purchasing an additional 236 shares during the period. Finally, Whittier Trust Co. increased its position in eBay by 1.7% during the 3rd quarter. Whittier Trust Co. now owns 14,415 shares of the e-commerce company’s stock worth $751,000 after purchasing an additional 238 shares during the period. 85.31% of the stock is currently owned by institutional investors and hedge funds.

EBAY opened at $55.71 on Thursday. The company’s 50 day moving average is $51.33 and its 200-day moving average is $52.99. eBay Inc. has a 1-year low of $26.02 and a 1-year high of $61.06. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.65. The company has a market cap of $38.40 billion, a P/E ratio of 7.75, a PEG ratio of 1.33 and a beta of 1.26.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, October 28th. The e-commerce company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.13. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.48 billion. eBay had a net margin of 50.42% and a return on equity of 82.73%. During the same period last year, the company posted $0.67 EPS. On average, equities analysts forecast that eBay Inc. will post 2.89 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 18th. Stockholders of record on Tuesday, December 1st were paid a $0.16 dividend. The ex-dividend date was Monday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. eBay’s dividend payout ratio is currently 27.59%.

A number of equities research analysts recently issued reports on EBAY shares. Wedbush reaffirmed a “buy” rating on shares of eBay in a research note on Friday, September 18th. Piper Sandler raised their target price on eBay from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, October 29th. Benchmark increased their price target on shares of eBay from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Morgan Stanley cut their target price on shares of eBay from $62.00 to $57.00 and set an “equal weight” rating on the stock in a report on Thursday, October 29th. Finally, ValuEngine lowered shares of eBay from a “hold” rating to a “sell” rating in a research note on Thursday, November 5th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $60.64.

In other eBay news, SVP Pete Thompson sold 853 shares of the business’s stock in a transaction on Thursday, December 17th. The shares were sold at an average price of $53.63, for a total transaction of $45,746.39. Following the completion of the sale, the senior vice president now owns 14,801 shares in the company, valued at approximately $793,777.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Wendy Elizabeth Jones sold 5,435 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $49.08, for a total transaction of $266,749.80. Following the sale, the senior vice president now owns 1,191 shares of the company’s stock, valued at approximately $58,454.28. The disclosure for this sale can be found here. Insiders sold a total of 13,052 shares of company stock valued at $654,339 in the last quarter. 5.02% of the stock is currently owned by company insiders.

About eBay

eBay Inc operates the marketplace and classifieds platforms that connect buyers and sellers worldwide. Its Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps; and Classifieds platform comprises a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Kleinanzeigen, and others that offer online classifieds to help people find what they are looking for in their local communities.

Featured Story: What moving averages are used to define a golden cross?

Want to see what other hedge funds are holding EBAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for eBay Inc. (NASDAQ:EBAY).

Institutional Ownership by Quarter for eBay (NASDAQ:EBAY)

Receive News & Ratings for eBay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eBay and related companies with MarketBeat.com's FREE daily email newsletter.