Blair William & Co. IL Has $1.51 Million Holdings in eBay Inc. (NASDAQ:EBAY)

Blair William & Co. IL decreased its holdings in eBay Inc. (NASDAQ:EBAY) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,125 shares of the e-commerce company’s stock after selling 1,191 shares during the quarter. Blair William & Co. IL’s holdings in eBay were worth $1,511,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Zega Financial LLC acquired a new stake in shares of eBay in the second quarter valued at approximately $302,000. Vanguard Personalized Indexing Management LLC increased its stake in eBay by 5.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 78,669 shares of the e-commerce company’s stock worth $4,221,000 after acquiring an additional 4,220 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in eBay by 136.7% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 17,618 shares of the e-commerce company’s stock valued at $946,000 after acquiring an additional 10,175 shares in the last quarter. Argent Trust Co lifted its position in shares of eBay by 11.7% during the 2nd quarter. Argent Trust Co now owns 23,244 shares of the e-commerce company’s stock valued at $1,249,000 after acquiring an additional 2,427 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of eBay during the 2nd quarter valued at $49,924,000. Institutional investors own 87.48% of the company’s stock.

eBay Trading Up 1.2 %

Shares of NASDAQ EBAY opened at $63.45 on Tuesday. The firm has a 50 day moving average price of $57.78 and a two-hundred day moving average price of $54.19. The stock has a market cap of $31.85 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. eBay Inc. has a 52-week low of $37.17 and a 52-week high of $64.96. 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 posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $2.57 billion during 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%. As a group, equities analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s payout ratio is presently 21.51%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EBAY shares. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of eBay from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Cantor Fitzgerald reiterated a “neutral” rating and set a $62.00 price target on shares of eBay in a research report on Monday. Robert W. Baird boosted their price objective on shares of eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Susquehanna raised their target price on eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.90.

Insider Buying and Selling at eBay

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

About eBay

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.