ProShare Advisors LLC Lowers Stock Holdings in eBay Inc. (NASDAQ:EBAY)

ProShare Advisors LLC cut its holdings in eBay Inc. (NASDAQ:EBAY) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 268,092 shares of the e-commerce company’s stock after selling 19,470 shares during the period. ProShare Advisors LLC owned 0.05% of eBay worth $14,402,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in EBAY. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 4,524,934 shares during the last quarter. M&G Plc purchased a new stake in eBay in the first quarter valued at approximately $97,557,000. Swedbank AB acquired a new position in eBay during the first quarter worth approximately $73,777,000. LSV Asset Management raised its stake in eBay by 22.2% during the second quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock worth $360,211,000 after purchasing an additional 1,216,885 shares during the period. Finally, Norges Bank acquired a new position in shares of eBay in the 4th quarter valued at $53,019,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.

eBay Stock Up 1.2 %

EBAY stock opened at $63.45 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.12. The firm has a 50 day simple moving average of $57.78 and a 200-day simple moving average of $54.19. The company has a market capitalization of $31.85 billion, a P/E ratio of 12.64, a PEG ratio of 2.35 and a beta of 1.32. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $64.96.

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

eBay Announces Dividend

The company also recently declared 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 was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.70%. eBay’s dividend payout ratio (DPR) is 21.51%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EBAY shares. Deutsche Bank Aktiengesellschaft upped their price objective on eBay from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup raised their price objective on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Robert W. Baird lifted their price objective on eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Jefferies Financial Group increased their target price on shares of eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Finally, Morgan Stanley lifted their price target on shares of eBay from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, eBay has a consensus rating of “Hold” and an average price target of $56.90.

Insider Activity at eBay

In other eBay news, 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 value of $1,597,750.00. Following the completion of the transaction, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction that occurred 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 sale, 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 document filed with the SEC, which is available at the SEC website. Also, 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 value of $1,597,750.00. Following the transaction, 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. Corporate 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.