Strategic Wealth Advisors Group LLC lifted its stake in eBay Inc (NASDAQ:EBAY) by 5.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,812 shares of the e-commerce company’s stock after buying an additional 655 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in eBay were worth $496,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in EBAY. Virtus ETF Advisers LLC bought a new position in eBay during the second quarter valued at $25,000. Venturi Wealth Management LLC bought a new position in eBay during the third quarter valued at $26,000. Redhawk Wealth Advisors Inc. bought a new position in eBay during the second quarter valued at $30,000. Carroll Financial Associates Inc. increased its position in eBay by 121.1% during the second quarter. Carroll Financial Associates Inc. now owns 975 shares of the e-commerce company’s stock valued at $38,000 after acquiring an additional 534 shares during the last quarter. Finally, Doyle Wealth Management bought a new position in eBay during the second quarter valued at $39,000. 89.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on EBAY. Raymond James cut shares of eBay from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a research report on Thursday, October 24th. Morgan Stanley cut their price target on shares of eBay from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Canaccord Genuity upped their price target on shares of eBay from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, July 18th. Benchmark cut their price target on shares of eBay from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Cowen set a $36.00 price target on shares of eBay and gave the stock a “hold” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. eBay presently has an average rating of “Hold” and an average price target of $42.46.
NASDAQ:EBAY traded up $0.25 during mid-day trading on Friday, reaching $35.14. The company’s stock had a trading volume of 10,559,700 shares, compared to its average volume of 9,557,985. eBay Inc has a 1 year low of $26.01 and a 1 year high of $42.00. The stock has a fifty day moving average of $37.76 and a 200-day moving average of $38.72. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $28.86 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38.
eBay (NASDAQ:EBAY) last issued its quarterly earnings results on Wednesday, October 23rd. The e-commerce company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. eBay had a net margin of 18.33% and a return on equity of 44.15%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company earned $0.56 EPS. eBay’s quarterly revenue was up .0% on a year-over-year basis. On average, analysts expect that eBay Inc will post 2.28 earnings per share 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 paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.59%. eBay’s payout ratio is 24.14%.
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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