eBay Inc. (NASDAQ:EBAY) Position Lifted by Heron Bay Capital Management

Heron Bay Capital Management raised its stake in eBay Inc. (NASDAQ:EBAY) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 105,640 shares of the e-commerce company’s stock after purchasing an additional 979 shares during the period. Heron Bay Capital Management’s holdings in eBay were worth $5,675,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in eBay during the second quarter valued at approximately $26,000. Tortoise Investment Management LLC lifted its stake in eBay by 894.2% during the second quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock worth $28,000 after purchasing an additional 465 shares during the last quarter. LRI Investments LLC acquired a new position in eBay in the first quarter worth $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of eBay during the second quarter worth $29,000. Finally, Washington Trust Advisors Inc. bought a new position in shares of eBay in the 1st quarter worth about $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

eBay Trading Down 0.8 %

eBay stock opened at $62.72 on Friday. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $64.96. The firm’s 50 day moving average price is $57.58 and its two-hundred day moving average price is $54.07. The firm has a market cap of $31.49 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25.

eBay (NASDAQ:EBAY) last announced 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 return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.53 billion. On average, research analysts predict that eBay Inc. will post 3.86 EPS for the current fiscal year.

eBay Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. eBay’s payout ratio is currently 21.51%.

Insider Transactions at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the company’s stock in a transaction that occurred 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 owns 70,113 shares in the company, valued at approximately $4,530,000.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction of $1,597,750.00. Following 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 disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EBAY shares. Wells Fargo & Company cut their target price on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st. Truist Financial increased their price objective on shares of eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of eBay in a research note on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price for the company. Citigroup raised their price target on shares of eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $64.00 price objective (up from $58.00) on shares of eBay in a research report on Thursday, August 1st. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.