Peddock Capital Advisors LLC trimmed its position in shares of eBay Inc (NASDAQ:EBAY) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,224 shares of the e-commerce company’s stock after selling 273 shares during the period. Peddock Capital Advisors LLC’s holdings in eBay were worth $206,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Cable Hill Partners LLC lifted its stake in shares of eBay by 64.6% in the first quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock valued at $28,000 after buying an additional 295 shares during the period. Brand Asset Management Group Inc. lifted its stake in shares of eBay by 69.6% in the first quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock valued at $32,000 after buying an additional 355 shares during the period. Icon Wealth Partners LLC bought a new stake in shares of eBay in the first quarter valued at about $32,000. Cornerstone Advisors Inc. lifted its stake in shares of eBay by 83.8% in the first quarter. Cornerstone Advisors Inc. now owns 978 shares of the e-commerce company’s stock valued at $36,000 after buying an additional 446 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of eBay by 71.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 961 shares of the e-commerce company’s stock valued at $36,000 after buying an additional 401 shares during the period. Institutional investors own 88.57% of the company’s stock.
Several equities research analysts recently weighed in on EBAY shares. UBS Group increased their target price on shares of eBay from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Aegis reiterated a “buy” rating and issued a $45.00 target price (up previously from $43.00) on shares of eBay in a research note on Thursday, July 18th. Deutsche Bank increased their target price on shares of eBay from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley increased their target price on shares of eBay from $34.50 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, July 15th. Finally, BMO Capital Markets raised their price target on shares of eBay from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $41.52.
eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 17th. The e-commerce company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.19. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.67 billion. eBay had a net margin of 22.12% and a return on equity of 36.67%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. As a group, research analysts anticipate that eBay Inc will post 2.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, August 30th. eBay’s payout ratio is 24.14%.
In other news, Director Matthew J. Murphy acquired 6,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $38.79 per share, with a total value of $232,740.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Devin Wenig sold 149,563 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $41.49, for a total transaction of $6,205,368.87. Following the sale, the chief executive officer now directly owns 1,034,592 shares of the company’s stock, valued at approximately $42,925,222.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 232,942 shares of company stock valued at $9,661,957. Company insiders own 6.22% of the company’s stock.
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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