GM Advisory Group LLC Sells 14,026 Shares of eBay Inc. (NASDAQ:EBAY)

GM Advisory Group LLC cut its position in eBay Inc. (NASDAQ:EBAY) by 38.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,045 shares of the e-commerce company’s stock after selling 14,026 shares during the period. GM Advisory Group LLC’s holdings in eBay were worth $1,184,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in eBay by 7.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 51,101 shares of the e-commerce company’s stock worth $2,229,000 after buying an additional 3,638 shares during the period. Norges Bank acquired a new stake in shares of eBay during the fourth quarter worth about $53,019,000. UBS Group AG lifted its holdings in shares of eBay by 19.4% during the 4th quarter. UBS Group AG now owns 1,041,540 shares of the e-commerce company’s stock valued at $45,432,000 after purchasing an additional 169,378 shares in the last quarter. Assetmark Inc. grew its position in shares of eBay by 54.3% in the 4th quarter. Assetmark Inc. now owns 17,774 shares of the e-commerce company’s stock valued at $775,000 after purchasing an additional 6,258 shares during the period. Finally, Commerce Bank increased its stake in eBay by 5.1% during the 4th quarter. Commerce Bank now owns 186,432 shares of the e-commerce company’s stock worth $8,132,000 after purchasing an additional 8,984 shares in the last quarter. 87.48% of the stock is owned by institutional investors.

eBay Stock Up 0.1 %

eBay stock opened at $63.22 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The company’s 50-day moving average is $57.41 and its 200-day moving average is $53.95. The firm has a market capitalization of $31.74 billion, a PE ratio of 12.59, a P/E/G ratio of 2.35 and a beta of 1.32. eBay Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $64.96.

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

eBay Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio (DPR) is presently 21.51%.

Insider Buying and Selling at eBay

In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $64.61, for a total value of $256,760.14. Following the completion of the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EBAY. Robert W. Baird lifted their price target on shares of eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Evercore ISI boosted their price objective on shares of eBay from $47.00 to $53.00 and gave the company an “in-line” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. began coverage on eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price for the company. Bank of America boosted their price target on eBay from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Wolfe Research assumed coverage on eBay in a report on Tuesday, July 16th. They set a “peer perform” rating for the company. One equities research 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’s stock. According to data from MarketBeat, the company has a consensus 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.