Oppenheimer Asset Management Inc. Acquires 7,791 Shares of eBay Inc. (NASDAQ:EBAY)

Oppenheimer Asset Management Inc. increased its holdings in eBay Inc. (NASDAQ:EBAY) by 28.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,716 shares of the e-commerce company’s stock after purchasing an additional 7,791 shares during the period. Oppenheimer Asset Management Inc.’s holdings in eBay were worth $1,865,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of eBay in the 2nd quarter worth approximately $26,000. Tortoise Investment Management LLC lifted its holdings in shares of eBay by 894.2% during the second 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 period. LRI Investments LLC acquired a new stake in shares of eBay in the 1st quarter valued at $29,000. Hobbs Group Advisors LLC bought a new stake in shares of eBay in the 2nd quarter worth about $29,000. Finally, Washington Trust Advisors Inc. acquired a new stake in shares of eBay during the 1st quarter worth about $30,000. Institutional investors own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other 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 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 $4,494,918.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

eBay Stock Performance

EBAY stock opened at $64.88 on Wednesday. eBay Inc. has a twelve month low of $37.17 and a twelve month high of $64.96. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.12. The company has a market cap of $32.57 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 2.35 and a beta of 1.32. The business’s fifty day moving average is $57.03 and its 200-day moving average is $53.82.

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, meeting the consensus estimate of $0.88. The firm had revenue of $2.57 billion for 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%. Equities research analysts forecast that eBay Inc. will post 3.86 EPS for the current year.

eBay Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Friday, August 30th. eBay’s dividend payout ratio is currently 21.51%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EBAY. Citigroup upped their price objective on shares of eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley increased their price target on eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Wolfe Research assumed coverage on eBay in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Daiwa America upgraded eBay to a “hold” rating in a report on Wednesday, August 14th. Finally, Cantor Fitzgerald initiated coverage on eBay in a report on Thursday, September 5th. They issued a “neutral” rating and a $62.00 price target for the company. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.90.

eBay 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.