Profund Advisors LLC Has $2.18 Million Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Profund Advisors LLC decreased its holdings in shares of eBay Inc. (NASDAQ:EBAY) by 14.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,651 shares of the e-commerce company’s stock after selling 6,969 shares during the quarter. Profund Advisors LLC’s holdings in eBay were worth $2,184,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of eBay during the second quarter worth $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 worth $28,000 after buying an additional 465 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of eBay during the first quarter worth $29,000. Hobbs Group Advisors LLC acquired a new stake in shares of eBay during the second quarter worth $29,000. Finally, Washington Trust Advisors Inc. acquired a new position in eBay in the first quarter valued at about $30,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

Insider Buying and Selling at eBay

In other eBay news, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction that occurred 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 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 through this link. In other news, CFO Stephen J. Priest sold 25,000 shares of the company’s stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cornelius Boone sold 3,974 shares of the company’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 transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

EBAY has been the subject of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $64.00 price target (up previously from $58.00) on shares of eBay in a research note on Thursday, August 1st. StockNews.com downgraded eBay from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Bank of America boosted their price target on eBay from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Daiwa America raised eBay to a “hold” rating in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company dropped their price target on eBay from $57.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.90.

eBay Stock Performance

Shares of EBAY stock opened at $62.72 on Monday. The business’s 50 day simple moving average is $57.58 and its 200 day simple moving average is $54.10. eBay Inc. has a one year low of $37.17 and a one year high of $64.96. The stock has a market capitalization of $31.49 billion, a PE ratio of 12.49, a PEG ratio of 2.35 and a beta of 1.32. 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 (NASDAQ:EBAY) last announced its earnings results on Wednesday, July 31st. The e-commerce company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. eBay had a return on equity of 29.69% and a net margin of 26.41%. The business had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.53 billion. As a group, research analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Announces Dividend

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

eBay Company 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.