Mutual of America Capital Management LLC Reduces Holdings in eBay Inc. (NASDAQ:EBAY)

Mutual of America Capital Management LLC decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,857 shares of the e-commerce company’s stock after selling 4,233 shares during the period. Mutual of America Capital Management LLC’s holdings in eBay were worth $3,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EBAY. Vanguard Group Inc. grew its holdings in eBay by 7.7% during the first quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares during the period. M&G Plc acquired a new position in eBay during the first quarter worth $97,557,000. Swedbank AB purchased a new stake in eBay during the first quarter worth $73,777,000. LSV Asset Management boosted its position in shares of eBay by 22.2% in the 2nd 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. Finally, Norges Bank acquired a new stake in shares of eBay in the fourth quarter valued at approximately $53,019,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at eBay

In related news, CFO Stephen J. Priest sold 25,000 shares of the company’s 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 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 available at this link. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the topic of several analyst reports. Bank of America raised their price objective on eBay from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company decreased their price objective on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Susquehanna lifted their price objective on shares of eBay from $52.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Wolfe Research initiated coverage on eBay in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Finally, StockNews.com lowered eBay from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.90.

eBay Price Performance

EBAY opened at $63.45 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50-day moving average of $57.78 and a 200 day moving average of $54.19. 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 cap of $31.85 billion, a P/E ratio of 12.64, a PEG ratio of 2.35 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.53 billion. eBay had a return on equity of 29.69% and a net margin of 26.41%. On average, research analysts expect that eBay Inc. will post 3.86 EPS for the current year.

eBay Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 1.70%. eBay’s 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.