Foundations Investment Advisors LLC Boosts Holdings in eBay Inc. (NASDAQ:EBAY)

Foundations Investment Advisors LLC increased its position in eBay Inc. (NASDAQ:EBAY) by 13.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,955 shares of the e-commerce company’s stock after purchasing an additional 569 shares during the quarter. Foundations Investment Advisors LLC’s holdings in eBay were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC grew its stake in shares of eBay by 6.3% during the first quarter. Park Avenue Securities LLC now owns 10,557 shares of the e-commerce company’s stock valued at $557,000 after acquiring an additional 623 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in eBay during the 1st quarter worth approximately $1,006,000. Kathmere Capital Management LLC acquired a new position in shares of eBay in the 1st quarter valued at approximately $436,000. Founders Financial Securities LLC purchased a new position in shares of eBay during the 1st quarter valued at approximately $311,000. Finally, Optas LLC grew its position in shares of eBay by 1.9% during the first quarter. Optas LLC now owns 33,758 shares of the e-commerce company’s stock worth $1,782,000 after buying an additional 621 shares in the last quarter. 87.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction 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 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction dated 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 owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,391 shares of company stock valued at $2,678,424 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

EBAY has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $72.00 price target on shares of eBay in a report on Wednesday. Robert W. Baird increased their price target on shares of eBay from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, October 11th. UBS Group boosted their price objective on eBay from $59.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley increased their target price on eBay from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Jefferies Financial Group boosted their price target on eBay from $58.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.14.

eBay Stock Down 0.8 %

Shares of eBay stock opened at $63.10 on Friday. 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 $67.80. The business’s fifty day moving average price is $62.56 and its two-hundred day moving average price is $56.33. The company has a market capitalization of $31.68 billion, a P/E ratio of 12.57, a PEG ratio of 2.59 and a beta of 1.32.

eBay (NASDAQ:EBAY) last issued 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 for the quarter, compared to analysts’ expectations of $2.53 billion. eBay had a net margin of 26.41% and a return on equity of 29.69%. As a group, research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.71%. eBay’s dividend payout ratio is presently 21.51%.

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.