eBay Inc. (NASDAQ:EBAY) Shares Sold by LVW Advisors LLC

LVW Advisors LLC trimmed its stake in shares of eBay Inc. (NASDAQ:EBAY) by 38.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,467 shares of the e-commerce company’s stock after selling 4,673 shares during the quarter. LVW Advisors LLC’s holdings in eBay were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC acquired a new stake in eBay in the 4th quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its position in shares of eBay by 73.5% during the 4th quarter. Jones Financial Companies Lllp now owns 732 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 310 shares during the period. American National Bank increased its position in shares of eBay by 200.0% during the 1st quarter. American National Bank now owns 600 shares of the e-commerce company’s stock valued at $32,000 after purchasing an additional 400 shares during the period. Riverview Trust Co acquired a new position in shares of eBay during the 1st quarter valued at $48,000. Finally, Cambridge Trust Co. increased its position in shares of eBay by 135.0% during the 4th quarter. Cambridge Trust Co. now owns 1,175 shares of the e-commerce company’s stock valued at $51,000 after purchasing an additional 675 shares during the period. 87.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EBAY has been the topic of several research analyst reports. StockNews.com upgraded eBay from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on eBay from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley reduced their price objective on eBay from $62.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Mizuho raised their price objective on eBay from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Robert W. Baird raised their price objective on eBay from $57.00 to $58.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $53.71.

eBay Price Performance

NASDAQ EBAY opened at $53.72 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.99 and a quick ratio of 1.99. The stock’s 50-day moving average is $52.47 and its two-hundred day moving average is $48.34. The firm has a market cap of $26.97 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 2.47 and a beta of 1.31. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $55.35.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, May 1st. The e-commerce company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. eBay had a return on equity of 29.11% and a net margin of 25.97%. The business had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same period last year, the business earned $0.87 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts anticipate that eBay Inc. will post 3.72 earnings per share for the current fiscal year.

eBay Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Friday, May 31st. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Buying and Selling

In other eBay news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other eBay news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the sale, the senior vice president now directly owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Julie A. Loeger sold 7,419 shares of eBay stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $54.20, for a total value of $402,109.80. Following the sale, the senior vice president now directly owns 70,797 shares in the company, valued at $3,837,197.40. The disclosure for this sale can be found here. Insiders have sold a total of 59,558 shares of company stock valued at $3,001,254 over the last three months. 0.38% of the stock is owned by corporate insiders.

eBay Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.