Amalgamated Bank Sells 4,148 Shares of eBay Inc. (NASDAQ:EBAY)

Amalgamated Bank reduced its stake in shares of eBay Inc. (NASDAQ:EBAY) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,644 shares of the e-commerce company’s stock after selling 4,148 shares during the quarter. Amalgamated Bank’s holdings in eBay were worth $5,514,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EBAY. Janney Montgomery Scott LLC grew its stake in eBay by 7.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 51,101 shares of the e-commerce company’s stock worth $2,229,000 after purchasing an additional 3,638 shares during the period. Norges Bank purchased a new stake in eBay in the fourth quarter worth about $53,019,000. UBS Group AG increased its stake in shares of eBay by 19.4% during the fourth 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. lifted its holdings in shares of eBay by 54.3% during the fourth 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 last quarter. Finally, Commerce Bank boosted its holdings in eBay by 5.1% in the fourth quarter. Commerce Bank now owns 186,432 shares of the e-commerce company’s stock worth $8,132,000 after acquiring an additional 8,984 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Insider Activity at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at approximately $4,494,918.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 70,113 shares in the company, valued at approximately $4,530,000.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction on Monday, September 16th. The stock was sold at an average price of $63.91, for a total value of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EBAY has been the topic of a number of analyst reports. Evercore ISI upped their price target on shares of eBay from $47.00 to $53.00 and gave the stock an “in-line” rating in a research note on Thursday, August 1st. Morgan Stanley lifted their price objective on eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Bank of America upped their target price on shares of eBay from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. The Goldman Sachs Group lifted their target price on shares of eBay from $38.00 to $46.00 and gave the stock a “sell” rating in a research report on Friday, August 2nd. Finally, Piper Sandler reissued an “overweight” rating and set a $64.00 price target (up from $58.00) on shares of eBay in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.90.

eBay Stock Down 0.8 %

Shares of EBAY stock opened at $62.72 on Friday. The company’s fifty day simple moving average is $57.58 and its two-hundred day simple moving average is $54.04. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $64.96. The stock has a market cap of $31.49 billion, a P/E ratio of 12.49, a PEG ratio of 2.35 and a beta of 1.32. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12.

eBay (NASDAQ:EBAY) last posted its 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 company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. Analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal 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 given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, August 30th. eBay’s dividend payout ratio is presently 21.51%.

eBay Company 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.