Brighton Jones LLC Has $402,000 Position in eBay Inc. (NASDAQ:EBAY)

Brighton Jones LLC raised its stake in eBay Inc. (NASDAQ:EBAY) by 9.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,485 shares of the e-commerce company’s stock after buying an additional 650 shares during the period. Brighton Jones LLC’s holdings in eBay were worth $402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in eBay by 25.0% in the first quarter. Van ECK Associates Corp now owns 85,688 shares of the e-commerce company’s stock valued at $4,523,000 after acquiring an additional 17,143 shares during the last quarter. SteelPeak Wealth LLC increased its position in shares of eBay by 42.3% during the first quarter. SteelPeak Wealth LLC now owns 57,642 shares of the e-commerce company’s stock worth $3,042,000 after buying an additional 17,140 shares during the period. Cetera Investment Advisers raised its stake in eBay by 325.4% during the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock worth $4,178,000 after buying an additional 60,544 shares during the last quarter. PGGM Investments lifted its holdings in eBay by 88.0% in the second quarter. PGGM Investments now owns 61,115 shares of the e-commerce company’s stock valued at $3,283,000 after buying an additional 28,604 shares during the period. Finally, Freestone Capital Holdings LLC boosted its position in eBay by 435.2% during the first quarter. Freestone Capital Holdings LLC now owns 36,431 shares of the e-commerce company’s stock valued at $1,923,000 after acquiring an additional 29,624 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,974 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 70,113 shares of the company’s stock, valued at approximately $4,530,000.93. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Cornelius Boone sold 3,974 shares of the 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 completion of the transaction, the senior vice president now owns 70,113 shares in the company, valued at $4,530,000.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Stephen J. Priest sold 25,000 shares of eBay 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 completion of the sale, the chief financial officer now directly owns 70,332 shares in the company, valued at approximately $4,494,918.12. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EBAY shares. Benchmark boosted their price objective on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. StockNews.com cut eBay from a “buy” rating to a “hold” rating in a report on Monday, September 9th. Jefferies Financial Group lifted their price objective on shares of eBay from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Wells Fargo & Company cut their target price on shares of eBay from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Finally, Citigroup lifted their price target on shares of eBay from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. 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. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and a consensus price target of $56.90.

eBay Price Performance

EBAY opened at $62.72 on Friday. eBay Inc. has a 1 year low of $37.17 and a 1 year high of $64.96. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $31.49 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 2.35 and a beta of 1.32. The firm’s fifty day moving average price is $57.58 and its two-hundred day moving average price is $54.07.

eBay (NASDAQ:EBAY) last issued its quarterly earnings data on Wednesday, July 31st. The e-commerce company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The business 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%. As a group, analysts anticipate that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.72%. eBay’s dividend payout ratio (DPR) is currently 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.