Duality Advisers LP bought a new position in eBay Inc (NASDAQ:EBAY) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 23,750 shares of the e-commerce company’s stock, valued at approximately $882,000.
Other institutional investors also recently made changes to their positions in the company. Riverview Trust Co bought a new position in eBay in the first quarter worth approximately $25,000. Cable Hill Partners LLC increased its position in shares of eBay by 64.6% during the first quarter. Cable Hill Partners LLC now owns 752 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Paragon Capital Management LLC acquired a new position in shares of eBay during the first quarter worth $28,000. Icon Wealth Partners LLC acquired a new position in shares of eBay during the first quarter worth $32,000. Finally, Brand Asset Management Group Inc. increased its position in shares of eBay by 69.6% during the first quarter. Brand Asset Management Group Inc. now owns 865 shares of the e-commerce company’s stock worth $32,000 after purchasing an additional 355 shares in the last quarter. 86.28% of the stock is currently owned by institutional investors.
Shares of EBAY traded up $0.39 during midday trading on Monday, reaching $39.89. The stock had a trading volume of 4,337,026 shares, compared to its average volume of 11,150,108. eBay Inc has a 1-year low of $26.01 and a 1-year high of $40.55. The business has a fifty day moving average price of $37.76. The firm has a market capitalization of $34.77 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.48 and a current ratio of 1.48.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Saturday, June 1st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, May 30th. eBay’s payout ratio is 24.14%.
A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of eBay from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 12th. DA Davidson boosted their price objective on shares of eBay to $44.00 and gave the company a “buy” rating in a report on Monday, March 4th. UBS Group boosted their price objective on shares of eBay from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Deutsche Bank boosted their price objective on shares of eBay from $39.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Benchmark reaffirmed a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of eBay in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $39.98.
In other eBay news, VP Brian J. Doerger sold 14,237 shares of eBay stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $38.06, for a total transaction of $541,860.22. Following the completion of the transaction, the vice president now owns 37,340 shares in the company, valued at $1,421,160.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Scott F. Schenkel sold 89,707 shares of eBay stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $38.50, for a total transaction of $3,453,719.50. Following the transaction, the chief financial officer now owns 273,283 shares of the company’s stock, valued at approximately $10,521,395.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,199 shares of company stock worth $6,778,517. Insiders own 5.60% 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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