Summit Trail Advisors LLC Grows Stock Holdings in eBay Inc. (NASDAQ:EBAY)

Summit Trail Advisors LLC lifted its position in eBay Inc. (NASDAQ:EBAY) by 92.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,542 shares of the e-commerce company’s stock after purchasing an additional 7,958 shares during the quarter. Summit Trail Advisors LLC’s holdings in eBay were worth $889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EBAY. Vanguard Group Inc. lifted its position in eBay by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after buying an additional 4,524,934 shares during the last quarter. M&G Plc purchased a new position in shares of eBay during the first quarter worth approximately $97,557,000. Swedbank AB bought a new stake in shares of eBay in the 1st quarter worth approximately $73,777,000. LSV Asset Management boosted its stake in shares of eBay by 22.2% in 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 in the last quarter. Finally, Norges Bank bought a new position in shares of eBay during the 4th quarter valued at $53,019,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Cornelius Boone sold 3,974 shares of eBay stock in a transaction that occurred on 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 directly owns 70,113 shares in the company, valued at $4,530,000.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

eBay Trading Down 0.8 %

EBAY 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. eBay Inc. has a 52 week low of $37.17 and a 52 week high of $64.96. The stock has a market cap of $31.49 billion, a PE ratio of 12.49, a PEG ratio of 2.35 and a beta of 1.32. The business has a 50 day moving average of $57.58 and a 200-day moving average of $54.10.

eBay (NASDAQ:EBAY) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $2.53 billion. Equities research analysts predict that eBay Inc. will post 3.86 earnings per share for the current fiscal year.

eBay Dividend Announcement

The firm 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. This represents a $1.08 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, August 30th. eBay’s payout ratio is currently 21.51%.

Wall Street Analysts Forecast Growth

EBAY has been the subject of several recent research reports. Cantor Fitzgerald assumed coverage on shares of eBay in a research note on Thursday, September 5th. They issued a “neutral” rating and a $62.00 price target for the company. JPMorgan Chase & Co. assumed coverage on eBay in a report on Tuesday, June 25th. They set a “neutral” rating and a $60.00 target price for the company. Citigroup lifted their price target on eBay from $64.00 to $65.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler reissued an “overweight” rating and set a $64.00 price objective (up previously from $58.00) on shares of eBay in a research note on Thursday, August 1st. Finally, Jefferies Financial Group lifted their target price on shares of eBay from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. One 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. According to MarketBeat, eBay presently has a consensus rating of “Hold” and a consensus price target of $56.90.

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.