AE Wealth Management LLC Purchases 8,254 Shares of eBay Inc. (NASDAQ:EBAY)

AE Wealth Management LLC lifted its position in eBay Inc. (NASDAQ:EBAY) by 19.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,674 shares of the e-commerce company’s stock after acquiring an additional 8,254 shares during the quarter. AE Wealth Management LLC’s holdings in eBay were worth $2,776,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EBAY. The Goldman Sachs Group increased their target price on eBay from $38.00 to $46.00 and gave the company a “sell” rating in a research report on Friday, August 2nd. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Daiwa America upgraded shares of eBay to a “hold” rating in a report on Wednesday, August 14th. Susquehanna raised their price target on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Cantor Fitzgerald initiated coverage on shares of eBay in a research report on Thursday, September 5th. They issued a “neutral” rating and a $62.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.90.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was 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 owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Stephen J. Priest sold 25,000 shares of eBay stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total transaction of $256,760.14. Following the sale, 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. 0.38% of the stock is owned by insiders.

eBay Stock Down 0.8 %

Shares of EBAY stock opened at $62.72 on Monday. 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 Inc. has a fifty-two week low of $37.17 and a fifty-two week high of $64.96. The firm has a market capitalization of $31.49 billion, a PE ratio of 12.49, a P/E/G ratio of 2.35 and a beta of 1.32. The stock’s 50-day simple moving average is $57.58 and its 200-day simple moving average is $54.10.

eBay (NASDAQ:EBAY) last posted its quarterly earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. eBay had a net margin of 26.41% and a return on equity of 29.69%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. Equities analysts expect 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. Shareholders of record on Friday, August 30th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s payout ratio is 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.