eBay Inc. (NASDAQ:EBAY) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC grew its position in eBay Inc. (NASDAQ:EBAY) by 6.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,716 shares of the e-commerce company’s stock after purchasing an additional 240 shares during the period. Fidelis Capital Partners LLC’s holdings in eBay were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EBAY. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in eBay in the second quarter valued at approximately $26,000. Tortoise Investment Management LLC boosted its holdings in shares of eBay by 894.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 517 shares of the e-commerce company’s stock valued at $28,000 after acquiring an additional 465 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of eBay in the second quarter worth $29,000. Washington Trust Advisors Inc. purchased a new position in shares of eBay during the first quarter worth $30,000. Finally, LRI Investments LLC acquired a new position in eBay during the first quarter valued at $29,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the firm’s 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction on Tuesday, September 17th. The stock was 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 disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

eBay Stock Performance

Shares of NASDAQ:EBAY opened at $63.45 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $64.96. The firm has a market capitalization of $31.85 billion, a PE ratio of 12.64, a P/E/G ratio of 2.35 and a beta of 1.32. The business’s 50 day moving average price is $57.78 and its 200-day moving average price is $54.19.

eBay (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.53 billion. As a group, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EBAY. Deutsche Bank Aktiengesellschaft increased their price target on eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Benchmark lifted their price target on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Cantor Fitzgerald restated a “neutral” rating and issued a $62.00 price objective on shares of eBay in a research report on Monday. Truist Financial raised their price objective on shares of eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company lowered their price target 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. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.90.

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.