eBay Inc. (NASDAQ:EBAY) Shares Acquired by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC boosted its stake in eBay Inc. (NASDAQ:EBAY) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,427 shares of the e-commerce company’s stock after acquiring an additional 4,998 shares during the quarter. WCG Wealth Advisors LLC’s holdings in eBay were worth $2,172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after purchasing an additional 4,524,934 shares in the last quarter. Mirova US LLC lifted its holdings in eBay by 2.1% in the 2nd quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock worth $492,657,000 after buying an additional 189,505 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in eBay by 12.5% in the 2nd quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after buying an additional 838,969 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in eBay by 8.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after buying an additional 530,941 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after acquiring an additional 1,216,885 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Price Performance

Shares of NASDAQ:EBAY opened at $63.17 on Thursday. eBay Inc. has a 12 month low of $37.17 and a 12 month high of $64.96. The stock has a market cap of $31.71 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.35 and a beta of 1.32. The stock’s 50 day moving average price is $57.23 and its 200 day moving average price is $53.88. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25.

eBay (NASDAQ:EBAY) last released its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. Equities research analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio is 21.51%.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent analyst reports. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. began coverage on eBay in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $60.00 target price on the stock. Wells Fargo & Company dropped their price target on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. Daiwa America raised shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Finally, Citigroup increased their price target on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $56.90.

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.