Mercer Global Advisors Inc. ADV Reduces Stock Position in eBay Inc. (NASDAQ:EBAY)

Mercer Global Advisors Inc. ADV decreased its position in eBay Inc. (NASDAQ:EBAY) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,266 shares of the e-commerce company’s stock after selling 231 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in eBay were worth $3,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in 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 purchasing an additional 4,524,934 shares during the last quarter. Mirova US LLC raised its holdings in shares of eBay by 2.1% during the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after acquiring an additional 189,505 shares in the last quarter. Victory Capital Management Inc. lifted its stake in eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock worth $404,879,000 after acquiring an additional 838,969 shares during the period. Dimensional Fund Advisors LP boosted its holdings in eBay by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,723,503 shares of the e-commerce company’s stock valued at $361,159,000 after acquiring an additional 530,941 shares in the last quarter. Finally, LSV Asset Management increased its position in eBay by 22.2% during the 2nd quarter. LSV Asset Management now owns 6,705,345 shares of the e-commerce company’s stock valued at $360,211,000 after purchasing an additional 1,216,885 shares during the period. 87.48% of the stock is owned by institutional investors.

Insider Buying and Selling at eBay

In other news, CFO Stephen J. Priest sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 70,332 shares in the company, valued at approximately $4,494,918.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other eBay news, SVP Cornelius Boone sold 3,974 shares of the business’s stock in a transaction dated 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 owns 70,113 shares of the company’s stock, valued at $4,530,000.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen J. Priest sold 25,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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. Corporate insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of eBay from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Truist Financial upped their target price on eBay from $50.00 to $58.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Benchmark raised their target price on eBay from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $64.00 price target (up from $58.00) on shares of eBay in a research note on Thursday, August 1st. Finally, Robert W. Baird boosted their target price on shares of eBay from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, eBay presently has a consensus rating of “Hold” and an average price target of $56.90.

eBay Stock Performance

Shares of EBAY stock opened at $62.72 on Monday. 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 50 day moving average price of $57.58 and a 200-day moving average price of $54.10. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $64.96. The firm has a market capitalization of $31.49 billion, a PE ratio of 12.49, a P/E/G ratio of 2.35 and a beta of 1.32.

eBay (NASDAQ:EBAY) last posted its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 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, equities research analysts expect that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.27 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 1.72%. eBay’s payout ratio is 21.51%.

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.